UK inflation falls below BoE target to two-year low in January

CPI is 1.8%

Tom Eckett
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UK inflation falls below the BoE’s target to two-year low in January
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UK inflation falls below the BoE’s target to two-year low in January

UK inflation fell to 1.8% in January, its lowest level in two years and is now below the Bank of England's 2% target.

According to the Office for National Statistics (ONS), the Consumer Prices Index (CPI) dropped to 1.8%, down from 2.1% in December. Ofgem's energy price cap, which took effect on 1 January 2019,...

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