Interest rate rise judged unlikely as inflation increases only slightly
by Jill Treanor City editor from on (#145CA)
CPI rises to 0.3% for January, up from 0.2% in December, and analysts believe it will stay below 1% for whole of 2016
The prospects of a rise in interest rates from the Bank of England has receded after the latest official figures showed only weak upward pressure on the cost of living.
The annual rate of consumer price inflation (CPI) rose to 0.3% in January, compared with 0.2% in the year to December.
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