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U.K. Inflation Cools but Wage Increases Keep Central Bank on Alert
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The U.K.’s annual rate of inflation fell for a third straight month in January and more sharply than expected, following a signal from the Bank of England that it may soon pause a series of rate rises that began at the end of 2021.
Consumer prices in the U.K. were 10.1% higher than a year earlier, a slower rate of inflation than the 10.5% recorded in December as transport prices cooled, the Office for National Statistics said Wednesday. That was a larger fall than the decline to 10.3% forecast by economists.
Read more on wsj.comAbout this in other media
Annual Inflation Cooled Slightly in January as Pace of Moderation Levels Off wsj.com /1 year ago
U.K. Inflation Cools but Wage Increases Keep Central Bank on Alert wsj.com /1 year ago
Annual Inflation Cooled Slightly in January as Pace of Moderation Levels Off wsj.com /1 year ago
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