U.S. Core CPI data was released Friday by the Bureau of Labor Statistics, revealing a 0.3% monthly uptick from December to January. Notably, the year-over-year pace represents the slowest annual growth since 2021, signaling moderating price pressures across the economy.

Behind the numbers, a mixed inflation picture emerged. Gains concentrated in airline fares, personal care items, entertainment, healthcare, and communication services. Conversely, used vehicles, household furnishings, and auto insurance premiums all saw price declines, offsetting some of the upward momentum in other sectors.