Most analysts had been expecting the inflation rate to remain unchanged at 2.6% last month, although December's headline figure nonetheless remains above the Bank of England's 2% target.

Gathering data on consumer prices and the products we’re really buying will become far more precise, giving a better picture ...

MILLIONS of mobile and broadband customers are set to face price hikes of up to 13% this year, despite the introduction of ...

THE UK's rate of inflation has slowed ... on the December measure of CPI. Customers with other firms like O2 and Vodafone will have to wait until January's RPI inflation figures are published ...

CPI is the official measure of inflation monitored by the Bank of England, but another widely-quoted measure is the Retail Prices Index (RPI). RPI used to be the UK’s official measure until 2003.

Liberal Democrat Treasury spokeswoman Daisy Cooper said the “unexpected fall” in the rate of CPI “offers a glimmer of hope but the reality is the UK ... Index (RPI) rate of inflation fell ...

UK inflation has decreased for the first ... as CPIH (including owner-occupiers' housing costs) and RPI (Retail Price Index), although CPI is generally preferred for official purposes.

The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate.