CPI rises to 0.3% for January,up from 0.2% in December, and analysts believe it will stay below 1% for whole of 2016The prospects of a rise in interest rates from the Bank of England has receded after the latest official figures showed only feeble upward pressure on the cost of living.
The annual rate of consumer price inflation (CPI) rose to 0.3% in January, and compared with 0.2% in the year to December. Related: Inflation rises,but we should still fear deflation Related: Bank of Japan launches negative interest rates Continue reading...
Source: theguardian.com