British consumer price inflation fell last month to its lowest level since records began in 1989, and it looks set to fall further still, easing a squeeze on consumers just as national elections approach. Official figures on Tuesday showed the annual rate of consumer price inflation fell to 0.3 percent in January, as expected in a Reuters poll, from 0.5 percent in December. The tumble largely reflected a slide in global oil prices, which last month fell to their lowest level in almost six years at below $45 a barrel, as well as lower food prices. Coming less than three months before a parliamentary election, Prime ... (full story)