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