US inflation has cooled for the seventh straight month, but prices continue to rise much faster than is considered healthy.
Inflation, the rate at which prices are rising, was 6.4% in the 12 months to January, spurred by soaring jumps in housing, food and energy costs.
That was just a slight decline from December’s 6.5%.
Officials have warned that despite recent signs of improvement, it will take time for prices to stabilise.
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