Inflation fell to a nearly 5-year low in January

A key measure of inflation fell to nearly a five-year low last month. The cost of goods and services didn’t rise as fast in January as they did a year ago. Overall inflation dropped to 2-point-4 percent, not too far from the Federal Reserve’s 2 percent target. The Bureau of Labor Statistics reports gas prices fell more than three percent last month, while grocery prices ticked higher.