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CPI inflation was steady.
"CPI inflation should resume its upward journey in coming months.
CPI inflation had been steadily rising from a record low level of -0.1% in September.
He said: Today we see lowest CPI inflation ever – a milestone for the British economy.
CPI inflation has fluctuated between 1 and 1.5 per cent in the past year.
"The OBR thinks that CPI inflation will average 2.3% next year, lower than our 3% expectation.
"Today's data reinforces the prospect of CPI inflation breaching 3% in the first quarter.
The rate of consumer price index (CPI) inflation remained at 2.7% in September, unchanged from August.
CPI inflation rose from 4% in January to 4.4% in February.
In the past, CPI inflation has tended to be lower than RPI inflation.
Helped by a fall in petrol prices, CPI inflation slackened in October, to 2.3%.
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