Inflation eased to 10.1% in January (December: 10.5%). January’s result represented the lowest inflation rate since August 2022 and was below market expectations. Price pressures will ease further this year on soft economic momentum, milder commodity price pressures and a tougher base effect. However, inflation will remain over double the Bank of England’s 2.0% target.
United Kingdom Exchange Rate (EUR per GBP, aop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Exchange Rate (EUR per GBP, aop) | 1.14 | 1.13 | 1.14 | 1.13 | 1.16 |