Wednesday, 23 May 2018

Rate of inflation has fallen unexpectedly to 2.4%



The rate of inflation has fallen unexpectedly to 2.4% - driven by the early Easter holiday bringing down air fare prices in April compared to last year.
 
The Office for National Statistics (ONS) said fuel price growth was more than cancelled out by the drop in flight costs in its Consumer Prices Index (CPI) measure.
 
 
It had stood at 2.5% in March.


The updated figure represents further welcome news for households as their spending power is boosted thanks to prices rising at a slower pace than wage growth following a year in the doldrums.





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