UK inflation holds at 4% as food prices fall

CPI 12-month inflation rate, %

CPI

CPI food and non-alcoholic beverages

20%

15

10

Jan

2024

6.9%

5

4.0%

0

-5

2014

2016

2018

2020

2022

2024

CPI

CPI food and non-alcoholic beverages

20%

15

10

Jan

2024

6.9%

5

4.0%

0

-5

2014

2016

2018

2020

2022

2024

Guardian graphic. Source: ONS. Consumer price inflation, UK: January 2024