Inflation

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

There is a strong case for abandoning CPI as the headline measure of inflation, according to Institute for Fiscal Studies head Paul Johnson.

UK CPI inflation fell further than expected in November to its lowest level since 2002, according to the Office for National Statistics (ONS).

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

Bank of England policymakers expect inflation to fall below 1% over the next six months, according to the latest quarterly Inflation Report.

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%.

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Japan's economy has shown signs of stagnation and some weakness as households spent less and factory output stayed flat in July.

UK consumer price inflation assumed its downwards trajectory once more in July following a sharp spike the previous month.

The Bank of England won't be pressured into hiking the base rate quickly because inflation is likely to remain relatively low, according to economist David Miles.