Britain’s CCI Falls

UK consumer confidence fell back in January, data from the European Commission has shown, while eurozone confidence was better than expected. The seasonally adjusted consumer confidence indicator edged down to -5.1 in January, from -4.6 in December, as they worry about a burst of high inflation, ShareCast reported. UK consumer confidence is modestly lower than that of the eurozone, which surprised economists by improving to -4.7, when it was forecast to remain at -4.9. Consumers have become more downbeat primarily because they anticipate inflation shooting up, the data showed, with the balance of households expecting prices to rise over the next year increasing in January to its highest since the start of 2011.