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"[Consumer inflation] is going to continue to head downwards at a rapid pace"
- David Tinsley, an economist at BNP Paribas
U.K. output prices rose more than forecast in January, led by higher alcohol, petroleum products and clothing costs. The price of goods rose 0.5 per cent from December, when it declined 0.2 per cent, said the Office for National Statistics on Friday.
"There's probably a bit of upside news here as far as the consumer-price inflation figures are concerned next week," said David Tinsley, an economist at BNP Paribas in London.
"Still, its relatively small news compared to the base effects that are falling out of the index" and consumer inflation "is going to continue to head downwards at a rapid pace."
Scotia Capital economist Alan Clarke said the figures were "on the high side of expectations."