The annual inflation rate in the US likely slowed to 6.2%

The annual inflation rate in the US likely slowed to 6.2% in January 2023 from 6.5% in December 2022, marking a seventh consecutive month of falling and the lowest reading since October 2021.

 Core inflation, which excludes volatile food and energy, is expected to have eased to 5.4% from 5.7%, also the lowest since the end of 2021. On a seasonally adjusted month-over-month basis, however, the CPI likely rose 0.5% in January, the most in three months, following an upwardly revised 0.1% gain in December and tracking an increase in prices of gasoline and used cars. 

Core prices are seen growing 0.4% for a second month. Although inflation has shown signs of peaking at 9.1% in June last year, it remains more than three times above the Fed's 2% target and continues to point to a broad-based advance on the general price level, particularly services and housing. source: U.S. Bureau of Labor Statistics