British consumer price inflation fell by more than expected to 10.1% in January from December's 10.5% and there were also drops in underlying measures of price growth that are being closely watched by the Bank of England, official data showed.
Investors expect another increase in borrowing costs next month by the BoE but Wednesday's data may add to the sense that a peak in Bank Rate is not far off.
Prices of services, which are also in the BoE's spotlight, slowed their rise in January, up by an annual 6.0% compared with 6.8% in December. "While any fall in inflation is welcome, the fight is far from over," finance minister Jeremy Hunt said.Economists said the numbers added to signs that inflation was on course to fall further from its peak last year but could also herald the recession expected for Britain's economy in 2023.
"The January inflation number is consistent with the weakness we have seen in retail in the past six months," George Lagarias, chief economist at accountancy firm Mazars, said. "It means that companies don't have much more room to pass cost increases to consumers. All other things being equal, slowing inflation suggests further economic weakness ahead and, possibly, an uptick in unemployment."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Dow falls 150 points as U.S. stocks see mixed reaction to January inflation reportU.S. stocks finished mostly lower on Tuesday, with only the tech-heavy Nasdaq clinging to gains, after the January consumer-price index showed inflation...
続きを読む »
CNBC Daily Open: U.S. markets rose, but might be surprised by January's consumer price indexMonths of steadily declining prices have given investors the sense that inflation is moderating smoothly. But it could still surprise markets.
続きを読む »
Gold Price Forecast: XAU/USD touches its lowest level since January, remains vulnerableGold price comes under some renewed selling pressure on Wednesday and remains on the defensive heading into the European session. The XAU/USD is curre
続きを読む »
France to Tighten Crypto Registration Rules Next JanuaryLawmakers at France's AssembleeNat and Senat have now all but agreed on how to tighten up crypto registration in the wake of the FTX_Official collapse. jackschickler reports.
続きを読む »
Unreliable gas plants are to blame for December’s power crisis | OpinionThe Christmas holiday winter storm was the latest showcase into how unreliable our grid has become.
続きを読む »
U.S. stocks open higher after worst week since December as investors await inflation reportU.S. stocks opened modestly higher on Monday as investors cautiously awaited a report on the state of U.S. consumer-price inflation in January, which is due...
続きを読む »