UK headline inflation has remained unchanged at 4% in January, coming in under consensus expectations of a rise to 4.2%, although experts are split over the implications of the data.
Mazars chief economist George Lagarias highlighted the monthly figure, which showed inflation fell 0.6% from December, the largest drop in a year. "Quite frankly, I see no reason to be pessimistic about UK inflation," he said. "If the pace is maintained, in the next four months, we will see much better headline numbers, as we put the high inflation figures from February to May 2023 behind us." UK wage growth defies forecasts but slows to lowest level in more than a year Daniel Casali, chief investment strategist at Evelyn Partners, added the figure was "benign" and suggested the "b...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
