Free Trial

MNI BRIEF: UK January Inflation Unchanged Despite Uptick Fears

(MNI) LONDON
(MNI) London

UK inflation unchanged in January and undershoots BOE February MPR projections.

True

The UK's annual inflation rate was unchanged in January, the Office for National Statistics said Wednesday, beating expectations for a modest uptick in both headline and core numbers. (see MNI INTERVIEW: Bright Spots In UK Growth Outlook-ONS's Fitzner)

CPI rose by 4.0% y/y in January 2024, the same rate as in December, while Core CPI rose by 5.1%.

Keep reading...Show less
187 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The UK's annual inflation rate was unchanged in January, the Office for National Statistics said Wednesday, beating expectations for a modest uptick in both headline and core numbers. (see MNI INTERVIEW: Bright Spots In UK Growth Outlook-ONS's Fitzner)

CPI rose by 4.0% y/y in January 2024, the same rate as in December, while Core CPI rose by 5.1%.

Keep reading...Show less