UK inflation expected to hit new low

Latest spell of weak price pressures in the UK has triggered a division of opinion at the very top of the Bank of England, which targets inflation at 2%

Inflation is expected to fall to a fresh record low of just 0.1% when figures are released today, as Britain heads for a period of deflation.

A fall in the consumer prices index in February from 0.3% in January would provide a further boost for households already benefiting from falling fuel and food prices.