'Imminent fall' in inflation over coming months

Consumer price inflation should head down further over the coming months, although it may hover around 3% in the near term due to the lingering impact of the sharp rise in oil prices at the start of the year.

– Howard Archer, chief UK and European economist at IHS Global Insight


Inflation lowest since Nov 2009

There is good news for the economy after official figures revealed inflation had fallen to a two-and-a-half-year low. The Consumer Prices Index measure of inflation fell to 2.8% in May, from 3% in April.