Wetin dey happen for UK na wah oh! Inflation don fall to 3.0% for January, wetin be di lowest since March last year. E be like sey Bank of England go soon cut interest rate as dem dey look forward to better economic signs.
According to di Office for National Statistics, consumer prices don rise by just 3.0% for di year as dem slow down from 3.4% wey dem see for last month. It mean say transport, food and other non-alcoholic drink prices don dey rise small small, e no dey like before. Economists wey dey follow market don already talk sey dem expect dis kain levels, so no be surprise.
Bank of England dem dey plan to bring down inflation to 2% mark wey dem set as target. Food inflation don also cool down, wey sabi say e dey important for wetin people dey reason about prices generally. But core inflation, wey exclude energy and food wahala, still dey there for 3.1%. E no too different from di numbers wey dem dey expect.
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