Tuesday, 20 March 2012

Cheaper energy pulls UK inflation lower

Lower electricity and gas bills helped drag the overall rate of inflation in Britain to a 15-month low last month, official figures showed today.
The consumer prices index rate of inflation dipped to 3.4%, compared to 3.6% in January, the Office for National Statistics said, as E.ON and Scottish Power cut their tariffs.

Cheaper air fares and discounts on digital cameras also pulled the CPI rate lower, but a record January to February rise in alcohol prices, driven by spirits, held back further declines.

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