UK Inflation Picked Up in January
February 19 2020 - 5:01AM
Dow Jones News
By Jason Douglas
LONDON--Consumer prices in the U.K. rose in January at their
fastest annual rate in six months, driven by higher prices for
electricity and gas.
Inflation nevertheless remains slightly below the Bank of
England's 2% annual target. The central bank is expected to keep
policy on hold over the next few months as the U.K. begins
negotiating a new trading relationship with the European Union.
The Office for National Statistics said Wednesday that consumer
prices rose 1.8% on the year in January, faster than the 1.3%
increase recorded in December.
Write to Jason Douglas at Jason.Douglas@wsj.com
(END) Dow Jones Newswires
February 19, 2020 04:46 ET (09:46 GMT)
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