Economists see inflation accelerating above 3 per cent next year, eroding the spending power of British households
Bank of England's monetary stimulus depresses investment returns increasing pension gaps; joblessness predicted to hit 5.5% by the end of next year; meanwhile the FTSE 100 is booming
The annual rate of CPI hit 0.6 per cent in July, up from 0.5 per cent in June - and analysts predict further increases due to post-referendum sterling fall
Experts think UK CPI inflation will hit 3% in 2017
The cost of flights soared 22.9 per cent month on month, impacted by the early Easter period
The ONS takes puts some items in and takes some out of the basket every year to better reflect the buying habits of the British public
Those who recall double-digit price rises and interest rates struggle to see the problems deflation can bring
Credit card firms continue to try to direct customers towards interest-free deals, meaning that some of the more versatile cards are often overlooked
'With price pressures set to stay subdued, inflation is going nowhere'
Some analysts are the FOMC announcement the most important thing to happen to global markets since Lehman brothers went bust in 2008
In 2015, employees took home an average of £528 a week
Inflation has now hovered around zero for nine straight months as oil prices plunge and food prices fall
Inflation across the single currency bloc fell to 0.7% in January moving closer to deflationary territory
Core inflation rose 1.3% in December- beating expectations- matched by rising factory output
The Government’s claim that living standards are finally improving has been challenged by independent experts, who have warned that they will not recover strongly for another few years.
John Lewis has decided against closing its final salary pension scheme, leaving it as one of the only retailers in the country that still offers new staff the gold-plated retirement payouts more commonly associated with politicians and civil servants.