CPI figure lower than expected after remaining stagnant at 4%
January figures come in under consensus expectations of rise to 4.2%
Inflation rises after two consecutive months of sharp falls
BoE chief economist warns fight against rising prices is not over
Inflation has fallen to its lowest level in 17 months
UK inflation remains 'outlier' compared to developed economies
UK inflation fell to 10.1% in the year to January, below economists’ expectations
Consumer Prices Index rose by 2% in October 2022
The Bank of England’s monetary policy committee has voted unanimously to hold its key interest rate at 0.1%, with the central bank now forecasting a stronger outlook for GDP growth and inflation.