Inflation cooled in January, with the Consumer Price Index (CPI) rising 2.4% from a year earlier, according to a report released Tuesday. This figure, lower than the 2.5% expected by economists polled by financial data firm FactSet, marks the lowest inflation rate in nine months, according to ABC News.
The CPI tracks changes in the cost of a basket of goods and services typically purchased by consumers, including food and apparel, CBS News reported. The January reading was delayed due to the partial government shutdown that ended earlier in the month. The data arrived days after fresh hiring figures showed stronger-than-expected job growth, ABC News noted. While the inflation rate has decreased, it remains a half-percentage point higher than the Federal Reserve's target of 2%, as stated by ABC News.
In other news, former President Donald Trump reversed a key Obama-era scientific ruling that determined greenhouse gases endanger public health, according to BBC World. The 2009 "endangerment finding" had been the legal foundation for federal efforts to curb emissions, particularly from vehicles. The White House called the reversal the "largest deregulation in American history," claiming it would lower costs for automakers by $2,400 per vehicle. Environmental groups, however, have criticized the move as the most significant rollback of environmental protections.
Meanwhile, in Bangladesh, the center-right Bangladesh Nationalist Party (BNP) secured a landslide majority in parliament, according to BBC World. This victory came 18 months after mass protests ousted the country's longest-serving prime minister, Sheikh Hasina. The BNP took more than two-thirds of the seats in the historic general election, with Jamaat, the country's main Islamist party, coming second. BNP leader Tarique Rahman is set to become the next prime minister and faces significant challenges.
Finally, as Americans tighten budgets, some are turning to affordable dining options like buffets, according to Fox News. Yelp's 2026 Trends Forecast found that searches for "all-you-can-eat buffet near me" surged 252% between September 2024 and August 2025 compared to the previous year. Asian cuisine is driving much of this buffet revival, according to Yelp.
Discussion
AI Experts & Community
Be the first to comment