Rising fuel prices push inflation to 2.5 year high
Inflation reached a two-and-a-half-year high in January as rising fuel prices bumped up the cost of living.
Inflation
Inflation to hit 28-month high amid petrol price surge
Higher petrol and food prices are expected to send inflation to a 28-month high when official figures are released today.
Fuel prices hit by biggest weekly rise in five years
Motorists have been hit by the biggest weekly rise in fuel prices for more than five years.
Low oil prices help keep lid on UK inflation
Sharply lower oil prices have also kept a lid on inflation, leaving the central bank in no hurry to raise interest rates above 0.5%, where they have remained for nearly seven years.
Price of oil falls in January but could boost inflation
Inflation is expected to hit a 13-month high when official figures for January are published on Tuesday, economists have said.
Inflation slips below zero as petrol prices fall
Inflation slipped back to zero last month as petrol price falls and muted rises for new fashion ranges kept a lid on the cost of living. The Consumer Price Index (CPI) rate of inflation fell from 0.1% in July. CPI has hovered around zero since February. It means the Bank of England continues to face little pressure to raise interest rates, though some officials think underlying inflationary pressure is building as the economy recovers. Inflation was pulled lower as the price of a litre of diesel fell by 6.2p and petrol by 2.4p, both more sharply than in the same period last year, according to the Office for National Statistics (ONS).