Inflation fell to 2.4% in January, beating expectations again and marking the lowest level since May. Core inflation, the best measure of inflation, dropped to its lowest level in nearly five years. Meanwhile, real average hourly earnings for all private sector workers rose in the month of January, which means more money is going back directly into people's pockets. (01:42–01:48)
CLAIM
Asserts that core inflation dropped to its lowest level in nearly five years.
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