Annual inflation cooled to 2.4% in January, an eight-month low

By Alicia Wallace, CNN (CNN) — The annual rate of inflation slowed to an eight-month low last month, new data showed Friday. Consumer prices rose 2.4% for the 12 months ending in January, a sharp cooling from the 2.7% rate notched in December, according to the Bureau of Labor Statistics’ latest Consumer Price Index. On