UK inflation rate falls to 10.1% in January

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© Reuters. A person walks through the City of London financial district in London, Britain, February 10, 2023. REUTERS/Henry Nicholls

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LONDON (Reuters) – British consumer price inflation fell to 10.1% in January from December’s 10.5%, figures from the Office for National Statistics showed on Wednesday.

Economists polled by Reuters had forecast that the annual CPI rate would drop to 10.3% in January, moving further away from October’s 41-year high of 11.1% but still eroding the living standards of households.

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