CPI

The sharp fall in the UK inflation rate is not cause for concern, Chancellor George Osborne will say in a speech later today.

Figures released this morning by the Office for National Statistics showed UK CPI inflation fell to a surprise 0.5% in December, the lowest level since May 2000. We round up the reaction from leading investors and economists.

UK consumer price inflation has fallen to a 15-year low of just 0.5%, driven by plunging oil prices.

The eurozone slid into deflationary territory in December for the first time in five years, according to preliminary figures released today.

UK unemployment fell by 63,000 to 1.96 million in the three months to October, while wage growth picked up, according to the Office for National Statistics (ONS).

Managing the low inflation challenge

UK CPI inflation rose to at an annual rate of 1.3% in October, according to ONS figures released today.

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Low inflation: Positive or problematic?

UK CPI inflation has fallen to its lowest level in five years, undershooting estimates as the impact of falling petrol prices dragged the headline level down near to 1%.