Britain's inflation rate falls to 10.1% in January 2023, but low-income households are still struggling with living costs.
British core CPI – which excludes energy, food, alcohol, and tobacco – fell to 5.8% in January from December’s 6.3%.
Earlier this month, the BoE said it saw signs that the surge in consumer prices had turned a corner and it suggested it wasPrices of services, which are also in the BoE’s spotlight, slowed their rise in January, increasing by an annual 6% compared with 6.8% in December. Data on Tuesday, February 14, showed strong annual increases in wages but slowing growth over the most recent months.
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