( MENAFN )Prices increased in January in what some economists cautioned could see the first step towards augmenting costs post-lockdown. Official statistics propose that customers paid more for food and sellers of family supplies offered smaller-than-usual New Year discounts. Inflation increased 0.7 percent in the 12 months to January, increased from December's 0.6 percent. Some specialists warned inflation will surpass the Bank of England's 2 percent aim by the end of this year. Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.