CPI stands at 2.7 per cent, unchanged for fourth month

Stability in price levels.

The ONS has released the latest inflation figures for January:

  • The Consumer Prices Index (CPI) annual inflation grew by 2.7% in January 2013, unchanged for the fourth month in a row. This is the longest period for which CPI growth has remained unchanged.
  • The largest upward pressures came from alcohol (with prices recovering after Christmas sales) and air fares.
  • Miscellaneous goods & services and clothing provided the largest downward pressures.
  • The Retail Prices Index (RPI) annual inflation stands at 3.3% in January 2013, up from 3.1% in December.

CPI 12-month percentage change

Inflation. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.