Wednesday 19 February 2020 / 10:45 AM Economy / John McDonnell

Inflation rises from 1.3 per cent in December to 1.8 per cent in January

John McDonnell MP, Labour’s Shadow Chancellor, responding to news of inflation sharply rising from 1.3 per cent in December to 1.8 per cent in January, said:

“The Tories’ poor economic management has contributed to an unstable economy, with prices rising sharply for people already suffering from ten years of vicious cuts.

“Successive Conservative governments have repeatedly blamed anyone but themselves for an under-performing economy.

“It’s time for this chaotic government to take responsibility for these failings, and to reverse the decade of decline the Tories have brought to this economy.”

Ends

Notes to Editors

The ONS today released figures showing CPI in January 2020 rising to 1.8% from 1.3% in December: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/january2020