UK inflation rises to 3% in January

Written by Dan McGrath

19/02/2025

UK inflation increased to 3% in the year to January, the highest rate since March last year, the Office for National Statistics (ONS) has revealed.

This was up from consumer price index (CPI) inflation totalling 2.5% in December.

On a monthly basis, the ONS also revealed that CPI fell to 0.1%, having sat at 0.3% in December.

The figures come after the Bank of England reduced the base rate from 4.75% to 4.5% earlier this month. The Monetary Policy Committee (MPC) voted on a majority of seven to two to reduce the base rate, after there had been "sufficient progress on disinflation" in domestic prices and wages.

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