CPI

Leading economists have predicted the UK's main inflation rate will fall as low as 0.5% next year.

The Office for National Statistics has proposed a new inflation measure to replace the Consumer Prices Index (CPI) which would include housing costs in the calculation.

GOSLING'S GROUSE

Inflation in the UK dropped in April, beating the consensus forecast.

Schroders' head of UK equities Richard Buxton said the UK's much-feared double-dip recession is ‘irrelevant' and not cause for panic.

Investec is launching an inflation-linked fund, targeting a return of CPI inflation plus 5%, as part of an expansion of its Managed Solutions fund range.

Monetary Policy Committee member Adam Posen's surprise decision to curtail his calls for further quantitative easing in the UK raises questions over the Bank of England's next move.

Paul Tucker,deputy governor of the Bank of England, has warned inflation will be higher than expected this year, following yesterday's unexpected rise in CPI.

The UK Consumer Prices Index (CPI) climbed in March as higher food and clothing prices pushed inflation up to 3.5%.

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