# UK inflation climbs to 3% YoY in January vs. 2.8% expected

> UK CPI inflation rose to 3% year on year in January, above the 2.8% consensus, though monthly inflation fell to -0.1%. Core inflation was 3.7% and services inflation rose to 5%. Sterling held above $1.26 after the release.

- Date: 2025-02-19 · published 2025-02-19T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/26323-uk-inflation-climbs-to-3-yoy-in-january-vs-2-8-expected
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sticky services inflation reduces the chance of rapid Bank of England easing, which supports sterling. The price effect on feed commodities is negligible.

## Read by commodity

- GBPUSD: neutral

## Sources

- fxstreet.com: https://www.fxstreet.com/news/uk-cpi-expected-to-rebound-sharply-in-january-challenging-boes-rate-cut-path-202502190315

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.