UK Inflation

Britain's economy will not be affected by global turmoil in 2016 but inflation is likely to grow just 0.3%.

Inflation grows but remains largely in line with economists' expectations as CPI climbs by 0.2% year-on-year.

Negative inflation will likely cause the Bank's Monetary Policy Committee to postpone a rate hike.

UK enters deflation as prices fall in line with commodities, but little cause for concern.

The Office for National Statistics has released statistics for August house price inflation.

Lower costs of transport and food weigh down inflation rate.

Weak outlook on inflation rate has made analysts think an interest rate rise in 2015 would be too soon.

Minutes of the committee's meeting on 9 July showed that all members voted to keep the interest at 0.5%.

The Institute of Directors welcomed the figures, saying they will be a boost for businesses and households.

Tuesday's CPI numbers help support Sterling

Slight dip below zero in April was never a real threat to the economy, economists said.

Dollar weakness and strong job market figures help pound rally

Markets expect rate increase to take effect in 2016 amid lack of consensus among MPC members.

Consumer Price Index shrinks from 0.3% to 0% but was unchanged in the year to February 2015.

OBR has upgraded their short-term GDP growth forecasts at 2.5% in 2015.

BoE inflation survey on Friday is key, but the market will wait for the US jobs data to be released on Friday.

In February, Sterling was up 3% vs dollar, climbs to 2.5% vs euro.

UK inflation forecast to be lower than previous month as Greek bailout issue weighs on market.

Bank of England (BoE) chief Mark Carney said on Thursday (12 February) that British inflation could turn negative and that he expected stronger growth on the back of lower oil prices.

UK inflation at 0.5% in December is no need for alarm, says the Chancellor.

Edmund Shing says that ultra-low interest rates means you should give your cash savings a workout

Out of nine members, Ian McCafferty and Martin Weale voted for a hike in the Bank Rate to 0.75% while the rest wanted to hold.

Inflation rose to 1.3% in October, well below the Bank of England's target rate of 2%

September inflation data and latest BoE inflation report indicate more downside risks to UK economy.

The Bank of England governor says it is probable he will have to write a letter to the Chancellor.

Pound already under pressure with no strong data support.

Sterling 1.67% off eleven-month low of 1.5952 touched on 3 October.

The ONS says that CPI inflation fell to 1.5% in the year to August, down from 1.6%.

Travellers face the annual hike in rail fares as politicians look to election promises.

The US dollar rallied against most majors as Yellen said the overall view of the US economy is positive.