Tuesday, February 17, 2009
Latest official inflation stats
Consumer price inflation (CPI) fell in January to an annual rate of 3%, down from 3.1% in December, official figures have shown. The decline is less than expected - the consensus forecast was for an annual rate of 2.7%. Prices continued to fall during the month as shops discounted heavily to try to entice wary consumers back into the shops. The headline Retail Prices Index (RPI) fell to 0.1% from December's 0.9%.