January inflation higher than expected

Rising inflation in January defied expectations, with the increase linked to high business energy costs and the hike to National Insurance, said trade association the British Retail Consortium (BRC).
Shop price inflation increased to 1.5% year on year over the month, compared to 0.7% growth in December, the latest BRC-NIQ shop price monitor found.
Non-food inflation grew to 0.3% year on year (YoY) in January, from a decline of 0.6% the month prior.
Food inflation also rose to 3.9% YoY in January