UK inflation continued to slow in January

In the statement of the British National Statistics Office (ONS), it was reported that the Consumer Price Index (CPI) in the country decreased 0.6 percent in January compared to the previous month and increased 10.1 percent. in annual terms.

The market expectation was that the CPI would rise 10.3 percent annually in January.

HE HAS BEEN BACK SINCE OCTOBER

The annual increase of the CPI in the country was 10.5 percent in December 2022. Annual inflation, which reached the highest level in the last 41 years with 11.1 percent in October of last year, moved to the low in November, December and January of this year.

In the statement, it was reported that the rise in inflation in the country was mainly due to rising energy and food prices, with food prices rising 16.7 percent annually in January.

In the ONS statement, it was indicated that in January of this year, rents and housing bills increased by 26.7 percent, food and beverage products increased by 16.7 percent and accommodation prices in restaurants and hotels increased 10.8 percent annually. (AA)