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Pedestrians walk through the Burlington Arcade Arcade Arcade Arcade de Burlington Festively decorated in London, United Kingdom, on Monday, December 4, 2023. Inflation in the United Kingdom stores has fallen to a minimum of 17 months while retail struggles fight to attract buyers before the crucial holiday period. Photographer: Jason Alden/Bloomberg through Getty Images
Bloomberg | Bloomberg | Getty images
The annual inflation of the United Kingdom increased to 3% in January, reaching the expectations of previous analysts, according to data published by the National Statistics Office on Wednesday.
Economists surveyed by Reuters expected a January 2.8%reading.
The consumer price index of Great Britain (CPI) fell to a 2.5% lower than expected in December, and the growth of central prices also slows down even more.
The United Kingdom inflation rate had reached a minimum of more than three years of 1.7% in September, but monthly prices have been resumed since the back of the highest fuel costs and service rates that increase more fast than the price of goods.
In early February, a slow growth and A recent fall in inflation caused the Bank of England To make your first interest rate cut of the yearreducing its reference rate to 4.5%.
The Central Bank said that more rates cuts were being arrived, but noted that the highest global energy costs and regulated price changes They are expected to increase the inflation of 3.7% holders in the third quarter of 2025“Even as the underlying domestic inflationary pressures are expected to decrease more.” The BOE awaits the inflation rate Back to 2% target for 2027.
In addition to enumerating its price growth perspective, the Central Bank also reduced the United Kingdom economic growth forecast from 1.5% to 0.75% this year.
This last -minute news is being updated.
