Britain's inflation rate falls to 0.3%; lowest since 1988
February 18 , 2015
Britain’s inflation rate dropped to 0.3% in January, the lowest ever since records were started.
Data from the office for national statistics show that falling oil and food prices, the latter due to a price war among supermarkets, have cut the consumer prices index inflation from the December figure of 0.5%.
The January figure is the lowest rate since records started in 1988.
The Bank of England recently said that UK's inflation could turn temporarily negative in a few months.