The rate at which prices are rising is slowing down, which could lead to lower interest rates.

The latest rate, which covers the year to January, is a drop from the previous 3.4% - but it remains above the Bank of England's 2% target.

LONDON (Reuters) -British inflation unexpectedly held steady in September, raising the prospect of a Bank of England interest rate cut this year and offering some relief to finance minister Rachel ...

By Suban Abdulla and William Schomberg LONDON, Feb 18 (Reuters) - British inflation fell to its lowest since March last year, according to official data that added to expectations of an interest rate ...

Inflation is now at a 10-month low having fallen from 3.4% in December, with the recent decrease in line with what economists ...

Inflation falls to 3% boosting chance of interest rate cuts - The rate of Consumer Prices Index (CPI) inflation decreased to a 10-month-low of 3% in January from 3.4% in December.

British inflation has run higher than in the United States and in the euro zone Read more at The Business Times.

UK CPI inflation came in at 3.8% for September, unchanged from the previous month, with analysts having forecast a reading of 4%. Follow our live coverage for the latest reaction and the implications ...

LONDON (Reuters) -Britain's inflation rate looks set to hit 4% in September in data due for release on Wednesday, the highest among the world's big rich economies and double the Bank of England's ...

LONDON, Feb 18 (Reuters) - The John Lewis Partnership, Britain's largest employee‑owned business, on Wednesday became the ...

The rate of Consumer Prices Index (CPI) inflation decreased to a 10-month-low of 3% in January from 3.4% in December.