UK inflation down to 10.1% in January The United Kingdom's Con | LAGFX Forex Learning Lounge

UK inflation down to 10.1% in January
The United Kingdom's Consumer Price Index (CPI) rose 10.1% in January compared to the same month a year ago, the Office for National Statistics reported on Wednesday. The figure marks a decrease from December when annual inflation in the UK stood at 10.5% and is lower than analysts had anticipated.

The largest downward contribution to the annual inflation rate came from passenger transport and motor fuels and restaurants and hotels. On the other hand, prices in alcoholic beverages and tobacco made upward contributions, partially offsetting the decline.

On a monthly basis, consumer prices were down 0.6% in January, while the Consumer Prices Index including owner occupiers' housing costs (CPIH) climbed 8.8% year on year but was down 0.4% month on month.