UK shop price inflation rises at slowest pace in almost two years

In the seventh consecutive monthly decline, annual shop price inflation eased to 2.9%, down from 4.3% in December and below the three-month average of 3.9%.  The inflation rate for non-food products dropped to 1.3% in January, a decline from the 3.1% recorded in December. This marked the lowest rate since February 2022. UK inflation unexpectedly rises to 4% in December Food inflation also slowed, to 6.1% in January from December's 6.7%, representing the ninth consecutive fall and the lowest rate since June 2022. Fresh food inflation decelerated even more, dropping to 4.9% in Januar...