Inflation in the UK slows down for the third month in a row
[ad_1]
Today, 15 February, the UK Office for National Statistics published data on consumer inflation in January. The Consumer Prices Index + Housing (CPIH) is reported to have decreased by 0.4% in January compared to December 2022. Compared to January 2022, CPIH grew by 10.1%. Interviewed Reuters analysts had expected higher January inflation of 10.3%. In December 2022, annual inflation growth in the country amounted to 10.5%. Thus, inflation in the UK is slowing down for the third month in a row after the peak reached in October (11.1%).
Compared to January 2022, prices for alcohol and tobacco (+2.7%), healthcare costs (+1.8%), food and non-alcoholic beverages (+0.6%) increased the most in January this year in the UK. ). The biggest decline was in clothing and footwear (-3.1%), transport (-3.6%), restaurants and hotels (-0.9%).
Experts believe that new data on slowing inflation may affect further decisions of the Bank of England on the discount rate. Formerly Central Bank gave understand that a slowdown in inflation can also lead to a slowdown in the rate of increase in the base discount rate.
[ad_2]
Source link
