Contrary to expectations, annual British food inflation did not accelerate in January

According to a report by the British Statistics Office (ONS) on Wednesday, consumer prices fell by an average of 0.6 percent in January compared to December, and this was the main reason why inflation did not accelerate last month, despite the increase in the official ceiling on household energy prices.

Year-on-year core inflation – which excludes the prices of food, energy, spirits and tobacco – was 5.1 percent last month, also the same as in December.