U.K. inflation fell below the Bank of England’s (BoE) target in January to its lowest annual level since November 2009.
Consumer prices rose 1.9 percent year-on-year last month, below the 2 percent target set by the central bank. Month-on-month prices declined 0.6 percent.
The fall in the rate resulted from price movements for recreational goods and services, furniture, household goods, tobacco and alcoholic beverages, according to the Office for National Statistics which published the data.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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