CPI

Economists expected third consecutive monthly rise

'Temporary phenomenon'

Surpasses expectations

To boost growth and employment

Fell back into deflationary territory in September

The month of May marked the end of the UK's brief spell of negative inflation, but advisers and investors are being warned to beware the result.

Four 'keep calm' reactions to falling prices

Fears the UK economy is heading for a period of deflation have increased after the inflation rate dropped to zero for the first time since records began.

The FTSE 100 is within sight of its all-time high after closing at its highest level for 15 years on Tuesday.

Inflation fell to 0.3% in January, the lowest level ever recorded and firmly below the Bank of England's 2% target.