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UK Inflation Still Running Double-Digits, But Silver Linings Seen
The good news is, UK inflation ran at the slowest pace in four months in January, according to data released Wednesday.
The bad news is, "slow" is a misnomer. At 10.1%, CPI remained in the double-digits last month, ONS said.
The headline print was better than the 10.3% economists expected, but that's meaningless to everyday people struggling to cope with the worst cost of living crisis in modern history.
It was the third consecutive monthly decline, but CPI is still so far above the BoE's t
Some rent in London is rising up to 37% due to changes in rates (London is extremely leveraged). Just wait until the car loan (some 94% of cars bought are on contract loans) market and two year fixed mortgages mature and roll over! Headline CPI is definitely not the full story.