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

Inflation fell 0.6% from December - the largest drop in a year

James Baxter-Derrington
clock • 2 min read

UK headline inflation has remained unchanged at 4% in January, coming in under consensus expectations of a rise to 4.2%, although experts are split over the implications of the data.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes



Already a Professional Adviser member?


More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read