| UK inflation rate falls to 3.6% in January |
 |
 |
 |
| Tuesday, 14 February 2012 11:35 | |||
|
Inflation fell sharply in January as the impact of last year's VAT rise was no longer shown in the figures.
Consumer Prices Index (CPI) inflation in the UK fell to 3.6% in January, down from 4.2% in December, according to the Office for National Statistics (ONS). Retail Prices Index (RPI) inflation - including mortgage interest payments - fell to 3.9% from 4.8%. VAT went up from 17.5% to 20% in January 2011, pushing up the annual inflation rates that year as a result.
|
