The Consumer Prices Index (CPI) 12 month rate rose by 0.4% in the 12 months to February, down from 0.7% the previous month in signs that inflation remains subdued.

Real pay growth hit its highest level since 2001 in December, raising concerns about future inflation.

The Consumer Prices Index (CPI) measure of inflation rose 0.7% in the 12 months to January, up from 0.6% in December, the ONS reported today.

CPI inflation doubled in December to 0.6% from 0.3% the previous month.