The fall to 10.1% last month from 10.5% in December shows a further gradual easing back from the painful 41-year high of 11.1% recorded in October.
But it comes as scant relief for householders, who are still facing eye-watering prices for many everyday essentials, with food price inflation remaining at a 45-year high, at 16.8% in January.
Here we look at the key questions surrounding the official figures.
– Does falling inflation mean prices are going down?
Unfortunately not. While the rate of inflation is falling, this merely shows that prices are rising more slowly than they were.
Prices on the whole are very much increasing, with inflation remaining in double digits and still more than five times the Government’s 2% target.
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