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| UK inflation rate unchanged at 2.7% in January | UK inflation rate unchanged at 2.7% in January |
| (35 minutes later) | |
| The rate of UK consumer price inflation remained unchanged at 2.7% for the fourth consecutive month in January, official data has shown. | The rate of UK consumer price inflation remained unchanged at 2.7% for the fourth consecutive month in January, official data has shown. |
| A big rise in the prices of alcohol and tobacco was the biggest factor driving prices up, the Office for National Statistics (ONS) said. | |
| On the downside there were slower price rises seen in clothing and footwear. | On the downside there were slower price rises seen in clothing and footwear. |
| The rate of Retail Prices Index (RPI) inflation rose to 3.3% in January from 3.1% in December. | The rate of Retail Prices Index (RPI) inflation rose to 3.3% in January from 3.1% in December. |
| Sales | |
| The ONS said the CPI rate had now remained unchanged for the longest period since records began in 1996. | |
| Analysts had forecast a slight rise in CPI to 2.8%. | |
| Alcohol and tobacco prices were up 8.5% on the year, but were also up 4.3% from December, as pre-Christmas discounts came to an end. | |
| However, clothing and footwear prices rose just 0.2% on the year and fell 5.4% on the month as January sales kicked in. | |
| Prices in the miscellaneous goods and services category, which includes things such as money transfer fees, fell 0.7% from December. |