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14/02/2012
UK Inflation Rate Falls To 3.6% In January
Inflation has falled in January as the impact of last year's VAT rise was no longer shown in the figures.
Consumer Prices Index (CPI) inflation in the UK fell to 3.6% in January, down from 4.2% in December, according to the Office for National Statistics (ONS) on Tuesday.
The ONS said the largest downward pressures to the change came from fuels and lubricants, products bought in restaurants & cafes, tobacco, vehicle maintenance and repair, the purchase of new vehicles and alcoholic beverages.
Annual inflation had now fallen by 1.2 percentage points since November 2011.
Meanwhile, Retail Prices Index (RPI) inflation - including mortgage interest payments - fell to 3.9% from 4.8%.
VAT went up from 17.5% to 20% in January 2011, pushing up inflation that year.
The drop brings CPI inflation to a 14-month low. However, the rate remains well above the Bank of England's 2% target.
The government said it expected the inflation rate to continue to fall this year.
(DW)
Consumer Prices Index (CPI) inflation in the UK fell to 3.6% in January, down from 4.2% in December, according to the Office for National Statistics (ONS) on Tuesday.
The ONS said the largest downward pressures to the change came from fuels and lubricants, products bought in restaurants & cafes, tobacco, vehicle maintenance and repair, the purchase of new vehicles and alcoholic beverages.
Annual inflation had now fallen by 1.2 percentage points since November 2011.
Meanwhile, Retail Prices Index (RPI) inflation - including mortgage interest payments - fell to 3.9% from 4.8%.
VAT went up from 17.5% to 20% in January 2011, pushing up inflation that year.
The drop brings CPI inflation to a 14-month low. However, the rate remains well above the Bank of England's 2% target.
The government said it expected the inflation rate to continue to fall this year.
(DW)
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