Read Less Inflation, as measured by the Consumer Prices ... low levels of below 1% for the last decade, as shown in the graph below. However, the Bank of England has increased interest rates ...

Jones, who is deputy to Rachel Reeves, was defending welfare cuts on the BBC's Politics Live after the Spring Statement when ...

Core inflation, which excludes the energy, food, alcohol and tobacco, dropped to 3.2% from 3.6% in August. "Lower airfares and petrol prices were the biggest driver for this month's fall.