British annual inflation dropped further last month on easing transport costs, official data showed on Wednesday, but remains above a historically-high 10 percent.
The Consumer Prices Index fell to 10.1 percent in January compared with a rate of 10.5 percent in December, the Office for National Statistics said in a statement.
“Although still at a high level, inflation eased again in January,” noted ONS chief economist Grant Fitzner. “This was driven by the price of air and coach travel dropping back after last month’s steep rise.” “Petrol prices continue to fall and there was a dip in restaurant, cafe and takeaway prices,” he added.—APP
