Inflation nears two-year low as December CPI falls to 2.1%

Caused by falling oil price

Laura Dew
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Inflation fell to 2.1% in December
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Inflation fell to 2.1% in December

UK inflation fell from 2.3% to 2.1% in December, approaching its lowest rate for two years, according to the Office for National Statistics (ONS).

The Consumer Price Index (CPI) fell to 2.1% in December as a result of downward pressure from petrol prices and air fares. This is the lowest figure since January 2017, when inflation was 1.8%.  ...

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