UK: Annual CPI unchanged for the third running month at 2.7% in January

According to data released today by National Statistics, UK annual inflation rose by 2.7% in January, following +2.7% in December. Analysts' forecasts pointed to 2.8% growth. On a monthly basis UK CPI fell 0.5% in January, after climbing 0.5% in December, slightly below expectations of a 0.4% fall.

Year-over-year Core CPI rose 2.3% in January, down from +2.4% in December.