The Consumer Prices Index (CPI) measure of inflation fell to 0.5% in December, according to the Office for National Statistics.
The Retail Prices Index (RPI) fell to 1.6% in December from 2% in November 2014.
Recent oil and petroleum price reductions are reported to have fuelled this reduction.
Farrell Financial Planning does not give advice on future inflation movements. Farrell Financial Planning are independent financial advisers (IFAs) based in Glasgow, Scotland.
Please feel free to explore our website and discover more about the advice services we offer.