UK inflation rises to 0.7%

CPI inflation rose to 0.7% in the twelve months to January, up from the 0.6% annual rise recorded in December, according to the latest ONS statistics.

On a monthly basis, CPI fell by 0.2% in January, following a 0.3% rise in December.

CPIH inflation, which includes owner occupiers’ housing costs, rose to 0.9% over the year to January, up from 0.8% in December. On a monthly basis, CPIH fell by 0.1%, following a 0.2% rise in December.

Source: Financial Reporter
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