Consumer Prices Index (CPI) inflation remained unchanged at 4 per cent in January, lower than the 4.2 per cent that economists had forecast although still double the Bank of England's 2 per cent target, the Office for National Statistics (ONS) said.
The monthly drop in food prices, of 0.4 per cent, was the first since September 2021, with the cost of bread and cereals, cream crackers and chocolate biscuits falling, the ONS said.
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