UK inflation slowed to 0.3 per cent in January, lower than December’s figure of 0.5 per cent and a good distance below the two per cent target for the Bank of England.
More on this story: UK inflation falls to its lowest since records began
But the UK is not alone in missing targets: the European Union is now in outright deflation, at -0.6 per cent as a bloc, and the next batch of data is expected to show an even deeper foray into negative territory. Low inflation, or even deflation, in the UK is not a serious as it is in the Eurozone, as it reflects the lower prices of producing goods, pushed down by a drop in oil prices.
In the EU, however, things are more serious, with stifled demand contributing to falling prices. Here, in 33 charts, are the inflation rates (December 2014) for every European Union country, plus a couple of extras.
Hover over a chart to compare it with other countries, or, on mobile, tap on any line to compare that point across all graphs.