Britain's annual inflation rate crept up last month, as expected, but still remained well below the Bank of England's 2.0 percent target, official figures showed on Tuesday.
The Office for National Statistics said consumer prices fell by 0.5 percent in January which took the annual rate up a tenth of a point to 1.4 percent.
The main upward effects came from bank overdraft charges and lower seasonal reductions on clothing and footwear than a year earlier.
Consumer price inflation has now been below the Bank's new target since May 1998. But the central bank expects it to rise sharply this year to be on target at the end of its two-year time horizon, justifying its interest rate hike earlier this month.
The ONS said RPIX - the old targeted measure - posted an annual rate of 2.4 percent, just below the Bank's old mandate of 2.5 percent, and market expectations.
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