14/01/2014

CPI Inflation Meets Govt Target For First Time In 5 Years

The UK's inflation has fallen to the government-set target of 2% for the first time since November 2009.

In December the rate, as measured by the Consumer Prices Index, stood at 2%, down from 2.1% on thew month previous.

Slower increases in the prices of food caused the rate to fall, according to the Office for National Statistics.

The ONS figures also show that inflation measured by the Retail price Index rose from 2.6% in November, to 2.7% in December.

(MH)

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