The annual rate of inflation eased to 2.4 per cent last month, thanks to falls in petrol prices and air fares, the Office for National Statistics reported yesterday.

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Oil prices fall after warning from World Bank

A strong warning from the World Bank that growth in Asia may slow further dragged down the price of oil today.

Change to inflation measure 'likely to hit pensions'

Proposed changes to a key inflation measure have been thrown open to consultation amid fears that pension savers could be hit hardest.

The News Matrix: Monday 8 October 2012

Israeli jets fly mock raids over villages

Fuel costs have doubled under Obama

California petrol 'crisis' lets Romney stay on the offensive

Rising prices play to challenger's claim that fuel costs have doubled under Obama

Cameron looks to rally Tories as Osborne rules out 'mansion tax' called for by Lib Dems

David Cameron today sought to rally restive Tories with a pledge to use Britain's veto to block the European Union budget if it is not in the UK interest.

Anthony Hilton: Government ready to cheat again with inflation index move

Government statisticians are looking at how the retail price index is calculated because they believe the way the sums are done is producing a number which is higher than is warranted by the actual price rises in the shops.

You'll know that we're on the road to recovery when house prices start rising. And we're not there yet

Our Chief Economics Commentator notes that this recovery has been disappointing in every respect bar one: employment growth

James Moore: As mine protests spread, so will the solution

OutlookIt's not just platinum miners that are revolting (if you're a mining executive). Now gold's getting tarnished by industrial unrest too. The fires lit by the platinum miners at Marikana are spreading, and AngloGold is the latest to feel their heat.

Philippine airlines in Airbus deal

Philippine Airlines said today that it has signed a $7bn (£4.4bn) deal to buy 54 Airbus jets as part of an ambitious plan to overhaul its fleet to meet higher demands for transporting passengers and cargo in Asia, the Middle East and Australia.

Fees rise nearly double inflation

Private school fees have increased by 68 per cent over the past decade, according to research published today.

Leading article: Time to put a stop to speculating on hunger

Even the slightest increase in prices may mean that people go hungry

Venezuela is cheapest place in the world to buy petrol at 8p a litre – compared to 135p a litre in the UK

Venezuela has been named the cheapest place in the world to buy petrol for the second year running.

Leading article: Swim with the tide, Prime Minister

After any number of feasibility studies, over the course of nearly a century, plans to generate electricity from the vast tidal range of the Severn Estuary are again back on the agenda. And so they should be.

UK net worth rises to £6.8 trillion

Britain's resilient property market helped increase the UK's worth by 3.3% to £6.8 trillion despite the economy slipping back into recession, figures revealed today.

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