AFP, London :
Britain’s annual inflation rate slowed to a record low of 0.3 percent in January, mainly owing to plunging oil prices, official data showed Tuesday.
“The Consumer Prices Index (CPI) grew by 0.3 percent in the year to January 2015, down from 0.5 percent in December,” the Office for National Statistics said in a statement.
“Falling prices for motor fuels and food were the main contributors to the slowdown in the rate of inflation,” it added.
Britain’s annual inflation rate slowed to a record low of 0.3 percent in January, mainly owing to plunging oil prices, official data showed Tuesday.
“The Consumer Prices Index (CPI) grew by 0.3 percent in the year to January 2015, down from 0.5 percent in December,” the Office for National Statistics said in a statement.
“Falling prices for motor fuels and food were the main contributors to the slowdown in the rate of inflation,” it added.
