UK ONS says inflation was 3.0% in January(2025)

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bonyadi magazine 

 

 

 

UK ONS says inflation was 3.0% in January

The UK’s inflation sped up to an annual rate of 3.0% in January from 2.5% in December, official figures showed on Wednesday

 


Economists polled by Reuters had pointed to a reading of 2.8% in January, the same as the Bank of England's forecast

 

 

The central bank expects consumer price inflation to peak at 3.7% in the third quarter of this year - almost double its 2% target - driven mostly by higher energy costs and regulated tariffs for household utility bills and bus fares

 

 

But Governor Andrew Bailey and his colleagues say a slowdown in the jobs market is likely to keep a lid on higher wage demands this year after an acceleration in late 2024, limiting the risk of a build-up of inflation pressure

 

 

 

 

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