UK inflation jumps more than expected in January, testing the BoE's outlook
British inflation sped up by more than expected to hit a 10-month high of 3.0% in January and is likely to rise further soon, testing the Bank of England's confidence that price pressures will ease over the longer term.
UK inflation leaps to higher-than-expected 3% in January
The U.K.'s inflation rate rose sharply to 3% in January, coming in above analyst expectations of a 2.8% reading, according to data released by the Office for National Statistics (ONS) on Wednesday.
Consumer price inflation, UK: January 2025
The Consumer Prices Index (CPI) rose by 3.0% in the 12 months to January 2025, up from 2.5% in the 12 months to December 2024. On a monthly basis, CPI fell by 0.1% in January 2025, compared with a 0.6% fall in January 2024.
UK inflation jumps by more than expected to 3.0%
LONDON (Reuters) -British inflation sped up by more than expected to hit a 10-month high of 3.0% in January and it is likely to rise further soon, testing the Bank of England's confidence that price pressures are on a downward path over the longer term.
UK inflation rises by more than expected to 3%
The rate of UK inflation rose by more than expected in January to 3%, up from 2.5% in December. Analysts had been expecting a reading of 2.8%. Read the latest analysis from MoneyWeek.
Producer price inflation, UK: January 2025
Producer output (factory gate) prices rose by 0.3% in the year to January 2025. This is up from a revised fall of 0.1% in the year to December 2024 (Figure 1). Monthly output prices rose by 0.5% in January 2025, following a revised fall of 0.2% in December 2024 (Table 1).
Food Prices Lift UK Inflation to 3%
A rise in the price of coffee and other foods in January added to cost of living pressures
UK inflation rises to 3% in January
UK inflation rose more than expected to 3 per cent in January, highlighting the challenge for the Bank of England as it contends with persistent price pressures and a weakened economy. The annual rate of price growth was above the 2.
UK inflation spikes to a 10-month high, likely to worry the Bank of England
Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid ...
UK ONS says inflation was 3.0% in January
British inflation sped up to an annual rate of 3.0% in January from 2.5% in December, official figures showed on Wednesday.
Reform UK warns Rachel Reeves that doing this one thing will see inflation go higher
EXCLUSIVE - The Reform UK deputy has warned the Chancellor not to fuel further inflation with a harmful tax grab.
Forbes2d
Inflation Runs Hot At 3% In Year To January
Nicholas Hyett, at Wealth Club, said: “Recent economic data points to a slowdown in the UK economy – GDP came in lower than expected, inflation has fallen and unemployment has ticked up.
UK wages continue to outpace inflation
Pay outstripped price rises by 3.4% between October and December while the unemployment rate remains unchanged.
Global stocks fall as traders await Fed minutes and digest surprise UK inflation jump
The FTSE 100 (^FTSE) and European stocks were mixed on Wednesday as traders digested news that UK inflation rose more than ...
UK inflation rises to highest rate in 10 months as millions to be hit with bill hikes – what it means for your money
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Treasury warns of 'bumpy' road to lower inflation after unexpected jump to 3%
Chancellor Rachel Reeves says she is working to "deliver economic growth" - but the Lib Dems criticise her "misguided ...