Data released by the UK’s Office for National Statistics show that in January, the UK Consumer Price Index (CPI) increased by 3.0% year-on-year, a slowdown from 3.4% in December last year. The data also indicate that the core CPI, excluding energy, food, alcohol, and tobacco prices, rose by 3.1% year-on-year in January, slightly lower than 3.2% in December.
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UK January Consumer Price Index up 3.0% year-on-year
Data released by the UK’s Office for National Statistics show that in January, the UK Consumer Price Index (CPI) increased by 3.0% year-on-year, a slowdown from 3.4% in December last year. The data also indicate that the core CPI, excluding energy, food, alcohol, and tobacco prices, rose by 3.1% year-on-year in January, slightly lower than 3.2% in December.