For two generations, we've been used to a steady increase in the cost of things.Read the full story ›
Having set expectations so high (or low, depending on your political views) George Osborne has the opportunity to ease back on austerity.Read the full story ›
Headphones, protein powder and e-cigarettes make up the list of average products which are meant to give an accurate picture of inflation.Read the full story ›
A deal was reached to extend loans to Greece - but they had to agree to tough, potentially unpopular but as yet unwritten reforms.Read the full story ›
Things are moving quickly at talks between Eurozone ministers in Brussels. In the last hour a European official emerged to say that there is now a text which the Greeks and the rest of the Eurozone ministers are working on - which is a big step, and he said to expect an announcement soon.
What we think is going to happen is that this will buy time for the Greeks, and it will keep the emergency funding flowing, which was due to expire next week. It comes after an afternoon - five hours in fact - of pre-meeting meetings of small groups of ministers assembled here.
As he arrived the German finance minister said that everything that needs to be said has been said - he seemed pretty downbeat.
The Greek finance minister radiated optimism as he has done throughout the pass couple of weeks of negotiations. Right now all members of the Eurozone are still in talks, with Christine Lagarde of the IMF -they have to agree to this text. I asked the Greek finance minister a few minutes ago what this would be and he confirmed it would be a six month extension to the loans. In return the Greeks have agreed to keep the tough economic reforms, and this has left the Germans very satisfied, I understand. This is what they think is necessary to keep Greece on a sustainable economic recovery. One thing is for sure - this isn't the end of it - they have to agree the details in the next weeks and months.
Falling inflation is set to provide a feel-good factor and one which the government will be making a great fuss about as the election looms.Read the full story ›
The Bank of England governor may be forced to explain why inflation is only a quarter the level it should be and may fall further still.Read the full story ›
With inflation expected to drop below zero in the next couple of months, what does it mean for the rest of the country?Read the full story ›
Politicians tell us spending cuts are on the cards but are they? The IFS points out that tax rises could be on the way.Read the full story ›