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Insider UK
Insider UK
Business
Holly Williams, PA Business Editor

Inflation falls to 10.1% as fuel costs and air fares come down - Chancellor says fight 'far from over'

Inflation Office for National Statistics

UK inflation fell for the third straight month to 10.1% as falling air fares and fuel costs drove a bigger-than-expected fall in January, the Office for National Statistics (ONS) said today.

The ONS said Consumer Prices Index (CPI) inflation dropped from 10.5% in December. Many economists had been expecting a drop to 10.3% last month.

Grant Fitzner, chief economist for the ONS, said: "Although still at a high level, inflation eased again in January.

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