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Lower food and fuel prices drive inflation down to 3%
The rate at which prices are rising is slowing down, which could lead to lower interest rates.
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cnbc.com
UK inflation cools markedly in January, boosting odds of Bank of England rate cut
The U.K. inflation rate cooled to 3% in January, according to the latest figures from the Office for National Statistics (ONS).
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independent.co.uk
Live: UK inflation falls steeply to 3 per cent prompting hopes of interest rate cut
Economists expect rates to reach the government target of 2 per cent by around April
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bbc.com
Lower food and fuel prices drive inflation down to 3%
The rate at which prices are rising is slowing down, which could lead to lower interest rates.
- ·
Boost for interest rates cut as fuel price drop helps inflation tumble to 3%
Economists predict inflation is now on track to drop to the government target of 2% in April, providing some relief for chancellor Rachel Reeves