UK Inflation Cools Markedly in January, Boosting Rate Cut Hopes

The U.K. inflation rate significantly cooled to 3% in January, according to the Office for National Statistics, increasing the likelihood of a Bank of England rate cut.

18 Feb, 07:32 — 18 Feb, 08:26

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Perspective Analysis

AI-generated comparison of how 3 sources cover this story

All sources report that UK inflation significantly cooled to 3% in January, largely aligning on the key narrative that this development boosts hopes for interest rate cuts from the Bank of England. The coverage is largely aligned, focusing on the positive implications of the lower inflation figure. There are no meaningful differences in framing or interpretation across the outlets.

What sources agree on

UK inflation cooled markedly in January.
The inflation rate decreased to 3%.
This development boosts the chances or odds of interest rate cuts.
The reported data refers to the January period.

Notable gaps

The previous month's inflation rate (3.4% in December) and that the new rate is a 10-month low.

Covered by independent · Not in ft, cnbc

Specific factors contributing to the decline, such as lower food, fuel costs, and air fares, and the projection that the UK is on track to hit its target in April.

Covered by ft · Not in independent, cnbc

The source of the latest figures being the Office for National Statistics (ONS).

Covered by cnbc · Not in independent, ft

Perspective Analysis

Comparing sources…

Coverage Timeline

cnbc18 Feb, 07:32First to report

UK inflation cools markedly in January, boosting odds of Bank of England rate cut

FT18 Feb, 08:19

January inflation data sets UK on the path to hit target in April

The Independent18 Feb, 08:26

Inflation falls to 3% boosting chance of interest rate cuts

Read at source (3 outlets)

The Independent1h ago

Inflation falls to 3% boosting chance of interest rate cuts

The rate of Consumer Prices Index (CPI) inflation decreased to a 10-month-low of 3% in January from 3.4% in December.

By Henry Saker-Clark

Read full article →

FT1h ago

January inflation data sets UK on the path to hit target in April

A decline in food, fuel costs and air fares pulled the headline rate sharply lower to 3% in January

Read full article →

cnbc1h ago

UK inflation cools markedly in January, boosting odds of Bank of England rate cut

The U.K. inflation rate cooled to 3% in January, according to the latest figures from the Office for National Statistics (ONS).

Read full article →

PERSPECTA

UK Inflation Cools Markedly in January, Boosting Rate Cut Hopes

Perspective Analysis

What sources agree on

Notable gaps

Perspective Analysis

Coverage Timeline

UK inflation cools markedly in January, boosting odds of Bank of England rate cut

January inflation data sets UK on the path to hit target in April

Inflation falls to 3% boosting chance of interest rate cuts

Read at source (3 outlets)

Inflation falls to 3% boosting chance of interest rate cuts

January inflation data sets UK on the path to hit target in April

UK inflation cools markedly in January, boosting odds of Bank of England rate cut

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Perspective Analysis

What sources agree on

Notable gaps