Britain’s inflation rate slowed for the third consecutive month in January to 10.1% year-on-year, short of economists’ expectations, but rising food and energy prices continued to put pressure on British households, according to CNBC.
Economists polled by Archyde.com had expected inflation to drop to 10.3%, following the rate fell to 10.5% in December.
The rate of inflation has been slowing since reaching a 41-year high of 11.1% in October.
The core consumer price index, which excludes food, energy, alcohol or tobacco, was 5.3%, compared to 5.8% in December, according to the Office for National Statistics.
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