Both the overall CPI and its "core" component, which excludes the volatile food and energy sectors, mostly came in either below, or at, analysts' expectations:

• Year-Over-Year: 2.4%, down from 2.7% in December and below 2.5% expectations.
• Year-Over-Year Core: 2.5%, down from 2.6% in December, matching 2.5% expectations.
• Month-to-Month: 0.2%, down from 0.3% in December and below 0.3% expectations.
• Month-to-Month Core: 0.3%, up from 0.2% in December and matching 0.3% expectations.

The index for shelter rose 0.2% in January and was the largest factor in the all-items monthly increase. The food index increased 0.2% over the month as did the food at home index, while the food away from home index rose 0.1%. These increases were partially offset by the index for energy, which fell 1.5% in January.

The energy index decreased 0.1% for the 12 months ending January. The food index increased 2.9% over the last year.

The impact of President Trump's tariff policies "has been less than initially feared," providing "relief to those concerned about how sticky price pressures may prove to be," The New York Times reports.

"We're just not seeing the pass-along" tariff-fueled cost increases expected, "Maybe, we're past that," according to CNBC:

"'This is great news on inflation,' said Heather Long, chief economist at Navy Federal Credit Union. 'Inflation fell to the lowest level since May and key items such as food, gas and rent are cooling off. This will provide much needed relief for middle class and moderate-income families.'" Subscribe for free to Breaking Christian News here

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

250 Years: Rededicating America

'Louisville Lassie' Leads Police to Missing Boy

Cake Mixes Now Carry 'Death' Risk as FDA Escalates Recall to Highest Danger Level over Allergen

Indiana Will No Longer Let Gender-Confused People Change Sex on Drivers Licenses, IDs

Border Patrol Stops Large Human Smuggling Attempt in California

Border Czar Tom Homan Announces Recovery of over 3,000 Missing Children and End of ICE Surge in Minnesota

Trump Admin Unveils Plan to Cut Healthcare Costs Even More

'This Is Great News on Inflation': Consumer Prices Defy Naysayers, Rise Less than Expected in January

MONUMENTAL: Trump Admin Unleashes American Energy With Key Regulatory Move, Saving Taxpayers

House Passes SAVE America Act, Requiring Photo ID for Voting, Proof of Citizenship

Former Skeptic Who Studied 1,500 Near-Death Experiences Says Evidence Points to Jesus

US Sending 200 Troops to Fight Jihadist Terrorism, and Help Protect Christians in Nigeria

12-year-old Girl Shot in Head, Neck by Canadian Trans School Shooter Survives Surgery, Fundraiser Hits over 63k

Another 'Sharia City?' AG Paxton Investigates New Muslim-Linked Development in Texas

Obama-Appointed Federal judge Releases 4 Illegal Immigrants Convicted of Murder, Sex Crimes from ICE Custody

Trump Reverses Biden-Era Crackdown on Christian Universities

Trump Signs Kennedy Bill Ending Government Payments to Deceased Americans: 'Using Dead Americans to Rip Off Taxpayers Is as Low as It Gets'

1,600 Decisions for Jesus at U of Central Florida: 'Revival Is Not Slowing Down!'

Nancy Guthrie's Pastor Prays for Her Safe Return, Deliverance 'From Evil'

Good News: US Adds 130,000 Jobs in January, Unemployment 4.3%, Defying Expectations