US inflation stays high as housing costs bite

Inflation in the US has cooled for a seventh month in a row, but prices continue to rise far more quickly than is considered healthy.

Inflation, the rate at which prices rise, was 6.4% in the 12 months to January, driven higher by jumps in housing, food and energy costs.

That was down just slightly from 6.5% in December.

Officials have warned that it will take time to stabilise prices, despite recent signs of improvement.