UK inflation steady in December
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UK inflation remained level in December, holding at 2.1% for the third month in a row, official figures show.
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UK house prices rose by 1.1% in December, the first monthly rise since September, the Halifax says.
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UK inflation fell in January, to reach 2.7% after jumping to an 11-year high in December.
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The slow rise in the price of clothing and footwear on the high street has once again helped to keep inflation under control in the UK.
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Consumer prices rose modestly in December while industrial production was flat, leaving the door open for the Federal Reserve to slash interest rates later this month to shore up an economy that some fear is on the verge of a recession.
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WASHINGTON - U.S. incomes and spending rose as  expected in December, while core consumer prices gained less  than anticipated, suggesting inflation is contained, a  government report showed on Thursday.
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The Bank of England appears set to hold interest rates steady for at least the next few months after revealing policymakers did not even discuss raising borrowing costs at their November meeting.
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House price inflation is now easing off, according to the latest monthly survey from the Halifax.
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The pound and the euro showed little reaction as both the Bank of England and the European Central Bank elected to leave interest rates unchanged this month, as expected.
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Business & money: Market continued to slow in December with prices lower than in the summer months
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German inflation looks set to remain steady or pick up only moderately this month as lower oil prices take the sting out a sharp increase in value-added or sales tax (VAT), regional consumer price data showed on Tuesday.
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The Bank of England keeps UK rates on hold for the second month in row after fears of cooling house prices.
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Business & money: House price inflation in UK last month eased to its lowest level since March, mortgage lender says.
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The Purchasing Manager&#39;s Index (PMI) in the UK on Monday did little to alter expectations, which has helped the pound sustain a move above 2 dollars.
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British inflation slowed to 1.8 percent in August from a rate of 1.9 percent in July, official data showed Tuesday.
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The Bank of England keeps UK rates on hold for the second month in row, following recent evidence of cooling house prices  and consumer spending.
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Rising petrol prices were the main driving force behind a rise in UK inflation, official figures show. The Office for National Statistics (ONS) said increasing fuel costs had seen the consumer price index (CPI) rise 0.1% to 1.2% in October.