Inflation rises to 10-month high
The rate of inflation increased last month to 3.0%, as food and fuel drove the key economic figure to a 10-month high.
It is the highest level for the Consumer Prices Index (CPI) since March, and a jump from December's 2.5% measurement. However it is a long way from the 10%-plus figures seen two years ago.
Although the increase was slightly higher than the 2.8% figure expected by city economists for January, inflation is expected to rise this year with the Bank of England forecasting it to hit 3.7% later in 2025.
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