In January 2024, the UK's inflation rate remained steady at 4.0%, unchanged from the previous month and continuing to be double the Bank of England's target of 2.0%. This stability in inflation rates comes despite pressures from increased shipping costs due to unrest in the Red Sea and was contrary to expectations of a rise. The Consumer Price Index (CPI) saw a monthly decrease of 0.6%, with significant downward contributions from food and non-alcoholic beverages. Meanwhile, in the United States, the inflation rate for January was reported at 3.1%, a slight decrease from December's 3.4% but still higher than the anticipated 2.9%. This rate reflects a continued easing of inflation, albeit at a pace surpassing most economists' forecasts. Other countries reported varying inflation rates, with Romania experiencing a significant jump to 7.4% year-over-year in January, primarily due to non-food items, while Bulgaria and South Korea saw their CPI inflation rates ease to 3.8% and 2.8%, respectively.
💡 South Korea: CPI inflation eases to 2.8% y/y in January as core inflation cools down - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/56feckYLIQ
Here’s the current state of Inflation: In January, yearly inflation fell from 3.4% to 3.1%. Although it’s higher than the 2.9% expected, it’s down from the previous month. The only reason why markets freaked out is that the “experts” estimated these numbers to be slightly… https://t.co/1OdSiqiwJG
💡 Kazakhstan: CPI inflation drops to 9.5% y/y in January - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/1P44caCDQh
Inflation: Cost of eating out continues to rise, a potential hit to restaurant chains https://t.co/bB8SEkS5Q3 via @YahooFinance
💡 Bulgaria: CPI inflation eases to 3.8% y/y in January - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/TP82fiGqT4
Food inflation fell to 6.85% in January from the four-month high of 9.38% in December https://t.co/FQd5TKkk5U
#CPI Misfire: Old Wall’s Inflation Expectations Off Base Again In the United States, the Consumer Price Index (CPI) in January was up by 3.1% from a year earlier. That was a decline from 3.4% in December, but higher than what Wall Street expected. Meanwhile, in the UK, CPI… https://t.co/OPNJ6DanIf
January inflation came in at 3.1%, down from December but higher than the 2.9% most economists were expecting. | By @DNTechHive https://t.co/GcmVl4bAPe
Your dinner bill was more expensive in January as inflation hit a key food staple https://t.co/brjm5l3lNt
The annual U.S. inflation rate continued to ease in January, but overall prices on goods and services were up, outpacing most economists’ expectations. | By @DNTechHive https://t.co/xHUxo0H0v5
In January 2024, the inflation rate in the United Kingdom held steady at 4.0%, remaining near the two-year low observed in November and undershooting the market forecast of 4.2%. The CPI held at double the Bank of England's desired target of 2.0%. Concurrently, the yearly…
A day after the surprisingly strong US inflation, UK inflation holds at 4.0% in relief for BoE and Sunak https://t.co/aQoARIEjS2 @subanabdulla
UK inflation was unchanged in January at 4% after a surprise rise the month prior. It remains double the Bank of England’s 2% target. So what happens to house prices and interest rates? ⬇️ https://t.co/3yZCHBqGel
💷 Year-on-Year Inflation remains at 4.0% - despite pressures on shipping costs from violences in the #RedSea - and defying predictions ⬇️ On a monthly basis, CPI fell by 0.6% in January 2024 📉 Importantly, the largest DOWNWARD contribution came from food and non-alcoholic… https://t.co/SL9GTTLmUt
💡 Romania: CPI growth speeds more than expected to 7.4% y/y in January, due to non-foods - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/klgRxrZwWw
💷 Year-on-Year Inflation remains at 4.0% - despite pressures on shipping coats from violences in the #RedSea - and defying predictions ⬇️ On a monthly basis, CPI fell by 0.6% in January 2024 📉 Importantly, the largest DOWNWARD contribution came from food and non-alcoholic… https://t.co/SL9GTTLmUt
An unexpected boost for the PM this morning. Inflation didn’t rise in the year to Jan. New figures show inflation was 4%, still high (double the target) but the same as the month beforehand. Treasury insiders were expecting a rise.