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February 15, 2023UK CONSUMER PRICE INDEX, JANUARY 2023 
UK Consumer Price Index including owner-occupiers' housing costs (CPIH) increased 8.8% year-over-year in January 2023, down from 9.2% in December 2022. The largest contributions to rising UK inflation came from housing and household services (principally from electricity, gas and other fuels), food and non-alcoholic beverages. The largest downward contributions to CPI and CPIH came from transport (motor fuels) and restaurants and hotels.
Year-over-year growth in the UK Consumer Price Index (CPI) was 10.1% in January 2023, down from 10.5% in December 2022.
Rising prices in alcoholic beverages and tobaccoalso made the largest partially offsetting upward contribution to the monthly inflation rate.
Sources: United Kingdom Office for National Statistics Statistical bulletin
Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted
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