United Kingdom: Inflation picks up in January
January 16, 2016
In January, consumer prices decreased 0.8% over the previous month, which contrasted the 0.1% increase seen in December and marked the lowest reading in a year. The figure reflected lower prices for alcoholic beverages and tobacco.
Inflation rose to 0.3% in January, which was up from the 0.2% seen in December and marked the highest reading in over a year. The figure met market expectations. Finally, annual average inflation was stable at the previous month’s reading.
Author: Dirina Mançellari, Senior Economist