UK inflation remains unchanged in January at 2.7%

Figures released by the Office for National Statistics have shown that the UK consumer price inflation in January remained unchanged at 2.7% for the fourth month in a row.

The ONS added that this was the longest period for which the CPI growth has remained unchanged.

The largest upward pressures came from alcohol and air fares while miscellaneous goods & services and clothing provided the largest downward pressures.

Alcohol and tobacco prices were up 8.5% on the year and increased by 4.3% from December as pre-Christmas discounts came to an end. However, clothing and footwear prices fell 5.4% from December and rose 0.2% on the year.

The retail price index rose 3.3% last month after rising 3.1% December. 

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