Inflation edges to year high in January despite tumbling oil prices

Third consecutive month of increases

Natalie Kenway
clock • 2 min read

UK inflation hit its highest level in 12 months in January, increasing by 0.3% year-on-year, but is still way off the Bank of England's 2% target.

The Office for National Statistics (ONS) said the 0.3% increase in the Consumer Prices Index (CPI) last month is the third consecutive rise and comparable to the 0.2% rise seen in December. Moto...

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