UK consumer price inflation eased to a ten-month low in January on weaker fuel and food costs, raising expectations of an interest rate reduction by the Bank of England.
The consumer price index posted an annual increase of 3.0 percent, the Office for National Statistics reported Wednesday. This was the lowest inflation since March 2025, when it stood at 2.6 percent.
January's rate came in line with expectations and followed December's 3.4 percent increase.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.