Skip to main contentSkip to navigation Close dialogue1/1 Next image Previous image Toggle captionSkip to navigation The rise in prices for food and non-alcoholic drinks slowed sharply to 3.6% in the year to January, down from 4.5% in December. Photograph: Yui Mok/PA View image in fullscreen The rise in prices for food and non-alcoholic drinks slowed sharply to 3.6% in the year to January, down from 4.5% in December. Photograph: Yui Mok/PA UK inflation falls to 3%, boosting hopes of early cut in interest ratesJanuary annual drop is lowest level since March 2025, although still above Bank of England’s 2% target
Business live – latest updates UK inflation tumbled to 3% in January, giving a boost to hopes of an early cut in interest rates by the Bank of England. The slowdown was in line with a majority of City economists’ forecasts and marks the lowest level since March 2025. The Office for National Statistics (ONS) said that falls in petrol prices, air fares and food had driven the drop.
Published: February 18, 2026 7:01 am
Source: The Guardian — Read original