UK inflation rate falls to 3% in year to January – follow live


Airfares, bread, cereal – what’s behind this fall in the inflation rate?published at 07:30 GMT

Mitchell Labiak
Business reporter

Meat, motor fuels, and airfares were picked out by the ONS as some of the things that helped the inflation fate fall.

Drivers at the pump may have noticed the average price of petrol fell by 3.1p per litre between December 2025 and January 2026, compared with a rise of 0.8p per litre the year before.

Meanwhile, the pattern of airfares rising in December and then falling in January was “less pronounced than in previous years”, the ONS says.

A change in food prices also helped to push inflation down. Over the month of January, food prices fell – helping to lower the rate of price rises for the year to January. Meat as well as bread and cereals were two of the biggest drivers of this.

Bread in a supermarketImage source, Getty Images


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