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18/02/2014
Inflation Falls Below BoE Target For First Time In Four Years
The UK's inflation rate has fallen below the Bank of England's target for the first time in over four years.
New figures from the Office for National Statistics show that in January the inflation rate, as measured by the consumer price index, fell to 1.9%, coming in below the BoE target of 2%.
It is understood that the fall in the inflation rate was due in part to a decrease in the cost of recreational and cultural activities, along with the impact of discounted furniture and household goods, and lower alcohol and tobacco prices.
The ONS figures also show that inflation as measured by the Retail Prices Index rose to 2.8% from 2.7% in December.
(MH)
New figures from the Office for National Statistics show that in January the inflation rate, as measured by the consumer price index, fell to 1.9%, coming in below the BoE target of 2%.
It is understood that the fall in the inflation rate was due in part to a decrease in the cost of recreational and cultural activities, along with the impact of discounted furniture and household goods, and lower alcohol and tobacco prices.
The ONS figures also show that inflation as measured by the Retail Prices Index rose to 2.8% from 2.7% in December.
(MH)
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16 January 2006
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House price inflation rises slightly
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Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
