Sterling slides as inflation hits fresh one-year low

According to the Office for National Statistics (ONS), the largest downward pressure on the Consumer Prices Index (CPI) came from airfares, which were "influenced" by the timing of Easter, while clothing and footwear also had a downward impact. This was partially offset by rising fuel prices which has been driven by gains in oil prices over the month. The ONS said: "A smaller downward contribution came from food and non-alcoholic beverages. This was from a range of food products with the largest single effect from meat, where prices fell this year but rose a year ago, particularly for...