Market Updates: UK Inflation Rate Slipped to 1.8% in January 2019
Arslan Butt • 1 min read
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 1.8% in January 2019, down from 2.0% in December 2018. The largest downward contribution to the change in the 12-month rate came from electricity, gas and other fuels, with prices overall falling between December 2018 and January 2019 compared with price rises the same time a year ago.
The GBP/USD can take a bearish impact on this news.