UK consumer price inflation eased to a ten-month low in January, the Office for National Statistics reported Wednesday.
The consumer price index posted an annual increase of 3.0 percent, in line with expectations.
This was the lowest inflation since March 2025, when it stood at 2.6 percent. This followed December's 3.4 percent increase.
On a monthly basis, consumer prices fell 0.5 percent, as expected, reversing a 0.4 percent rise in December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.