The sharp fall in the UK inflation rate should not be feared, Chancellor George Osborne will say in a speech later.
The latest figures from the Office for National Statistics showed UK CPI inflation fell to a surprise 0.5% in December, the lowest level since May 2000. Five experts examine why...
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.