Inflation Steady at 3%, or 2.7%, Depending On Your Preference

As per the ONS:

• The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.7% in January 2018, unchanged from December 2017.
• The largest downward contribution to change in the rate came from prices for motor fuels, which rose by less than they did a year ago.
• The main upward effect came from prices for a range of recreational and cultural goods and services, in particular, admissions to attractions such as zoos and gardens, for which prices fell by less than they did a year ago.
• The Consumer Prices Index (CPI) 12-month rate was 3.0% in January 2018, unchanged from December 2017.
• From April 2018, publication of these figures will move from Tuesday to Wednesday; the new release dates are available.