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Inflation eases in US as prices for used cars fall

Prices for personal services, such as dry cleaning and haircuts, rose 1.6% from December to January, and were up nearly 7% from a year ago.

January was also marked by jumps in prices for cigarettes, airfares and music streaming subscriptions.

But for many items, price inflation was more moderate.

Rents rose 0.2% from December to January, cooling from a 0.4% pace in the previous month. Prices for used cars and trucks dropped 1.8%, while energy prices slipped 1.5% over the month.

Price rises also slowed for key grocery staples. Steak prices, for example, dropped more than 2% from December to January, though they are up nearly 13% from a year ago.

Meanwhile, the cost of eggs fell more than 34% from January 2025.

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