UK inflation rate to record LOW??

U.K. inflation fell more than economists forecast in January, dropping to a record low as food and fuel prices tumbled.
Consumer-price growth slowed to 0.3% from 0.5% in December, the lowest since the data series began in 1989. Economists had forecast a 0.4% rate in January.


As the Bank of England cut its near-term inflation projections last week to reflect the drop in oil prices, Governor Mark Carney warned the rate could fall into deflationary territory in the coming months.



The pound is +0.2% at $1.5391, while the FTSE 100 is +0.5%.