Here's where inflation in January is 🔥heating up and cooling off. 🥶

• January CPI: Headline inflation at 2.4% YoY, Core CPI at 2.5% YoY, aligning with or slightly better than estimates.
• Key YoY price increases: personal care, food away from home, non-alcoholic beverages.
• Key YoY price decreases: gasoline, dairy products, and overall energy.
• Categories showing cooling trends from last year's spikes include parking charges, video & audio streaming, and live events.

The January inflation report indicated headline CPI at 2.4% and core CPI at 2.5% year-over-year, largely meeting or slightly exceeding expectations. The report detailed specific categories experiencing significant price increases and decreases, with some previously hot areas like parking and streaming showing signs of cooling.