UK inflation up by 0.7% in January

FILE PHOTO: People walk along Oxford Street as shops remain closed under Tier 4 restrictions, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, December 26, 2020. REUTERS/Henry Nicholls

LONDON (Reuters) – British inflation rose a little more than expected in January as the country went back into a coronavirus lockdown, official data showed on Wednesday.

Consumer prices rose 0.7 in annual terms after a 0.6% increase in December, the Office for National Statistics said.

A Reuters poll of economists had pointed to the annual rate remaining at 0.6%.

Reporting by William Schomberg; Editing by Kate Holton

source: reuters.com