UK inflation rises to 0.7% in January, lifted by furniture and food – business live

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Rolling coverage of the latest economic and financial news

Clothing and footwear prices fell by 4.8% last month, a steep decline, amid a flurry of discounting.

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The ONS says there was “a notable increase in the proportion of items marked as being discounted, particularly for men’s clothing”.

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Here’s ONS statistician Jonathan Athow on the inflation stats:

Commenting on today’s figures, Deputy National Statistician for Economic Statistics @jathers_ONS said: (1/2) pic.twitter.com/jJc19GTjqB

.@jathers_ONS continued: (2/2) pic.twitter.com/szxMnN0FfQ

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UK inflation rises to 0.7% in January, lifted by furniture and food – business live

ads

Rolling coverage of the latest economic and financial news

Clothing and footwear prices fell by 4.8% last month, a steep decline, amid a flurry of discounting.

READ  ITV aims to cash in after bagging Harry and Meghan television gold

The ONS says there was “a notable increase in the proportion of items marked as being discounted, particularly for men’s clothing”.

<

p class="block-time published-time">

Here’s ONS statistician Jonathan Athow on the inflation stats:

Commenting on today’s figures, Deputy National Statistician for Economic Statistics @jathers_ONS said: (1/2) pic.twitter.com/jJc19GTjqB

.@jathers_ONS continued: (2/2) pic.twitter.com/szxMnN0FfQ

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