UK inflation rate falls to 0.3%
17 May 2016
- From the section Business
The UK’s inflation rate, as measured by the Consumer Prices Index, fell to 0.3% in April, according to the Office for National Statistics (ONS).
The fall, from March’s rate of 0.5%, is the first since September.
Falls in air fares and prices for clothing, vehicles and social housing rent were the main reasons for the drop in the rate, the ONS said.
The Bank of England said last week that it expected inflation to increase in the second half of the year.
Source: BBC Business