UK January inflation falls to lowest since records began

From reuters.com

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)