US CPI annual rate hits new low since May last year Core CPI annual rate hits the lowest level in nearly 5 years.

In January, the unadjusted CPI in the United States fell from 2.7% to 2.4% on an annual basis, hitting a new low since May 2025, in line with market expectations. The unadjusted core CPI also dropped from 2.6% to 2.5% on an annual basis in January, reaching a new low since March 2021, consistent with market expectations.