Inflation could fall to 1% by the end of the year, a leading economist has claimed.
Samuel Tombs, UK economist at Capital Economics, said producer price indicators, the strength of the pound making imports cheaper, and political pressure on energy bills were likely to see inflation ease further for the rest of the year.
"Against this low inflation backdrop, we believe the MPC is likely to tread cautiously and raise interest rates only very gradually over the coming years," he said.
More top news
Made In Chelsea star Mark-Francis Vandelli has become the fourth celebrity to withdraw from the winter sports programme.
A woman escaped without serious injuries after plummeting 60ft over the side of a balcony in John Lewis - and landing on a display bed.
Syrians fleeing Aleppo in shabby winter coats are still waiting to see whether Turkey will offer them refuge.