Agencies
Britain’s annual inflation rate eased in line with expectations in January, official data showed Wednesday, bolstering chances that the Bank of England will cut its benchmatrk interest rate next month.
The Consumer Prices Index fell to 3.0 percent in January from 3.4 percent in December, the Office for National Statistics said. “Inflation fell… to its lowest annual rate since March last year, driven partly by a decrease in petrol prices,” said Grant Fitzner, chief economist at the ONS.
The data reinforces the Bank of…
