United Kingdom Inflation

United Kingdom

Inflation steady for fourth month in a row

In January, consumer prices decreased 0.5% over the preceding month. The reading contrasted the 0.5% increase tallied in December but was in line with market expectations. Eight out of the 12 sub-categories that compose the index were either unchanged or below the level seen in December, with the largest downward contribution stemming from a 5.4% month-on-month drop in prices for clothing and footwear.

Despite the monthly drop, annual headline inflation remained steady at 2.7% for a fourth month in a row. The figure had represented the highest rate since May. Annual average inflation also remained unchanged over the previous month at 2.8%.


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United Kingdom Inflation Chart

United Kingdom Inflation January 2013

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Office for National Statistics (ONS).

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