Inflation dropped slightly for the third month in a row in January, but remained in the double digits
The drop in the rate of Consumer Prices Index inflation, reported by the Office for National Statistics, is the latest sign that the inflation crisis may be easing in the UK after hitting a near 40-year high.
Inflation - the rate at which prices increase - started to go up sharply at the end of 2021, and has been linked to Covid-related supply chain difficulties, and later the war in Ukraine and associated energy price rises.
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