WASHINGTON (AP) -- A measure of inflation may have fallen to a five-year low in January as rental costs have cooled, a sign that some prices are moderating while Americans continue to grapple with a big rise in overall prices in the past five years.

THE FACTS: The president is using cherry-picked data to vastly exaggerate where inflation stands. His figure for annual inflation in the past three months -- which excludes the volatile food and energy prices -- is low, but reflects data distorted by the government shutdown in October and November, which disrupted the government's data collection and forced the agency that compiles the figures to plug in rough estimates in some categories that artificially lowered overall inflation.

WASHINGTON (AP) -- The Federal Reserve's preferred inflation gauge ticked up in November in the latest sign that prices remain stubbornly elevated.