UK inflation moves 'sideways' in January staying at 4%

St. James's Place head of economic research Hetal Mehta said UK inflation had moved sideways in January. "Whilst the uptick that economists were expecting was avoided, it still remains at double the Bank of England's (BoE) 2% target. "What will still be concerning the BoE is the stickiness of services inflation, especially as it comes on the back of strong wage growth. But compared to big upside surprise in US inflation yesterday, today's UK numbers come as slight relief in relative terms." Mazars chief economist George Lagarias highlighted the monthly figure, which showed inflatio...