Inflation has dropped below the Government’s 2.5% target rate, according to new figures. Underlying inflation in April fell to 2.4% after picking up to 2.7% in March because of the effect of the Budget duty increases on petrol and tobacco, the Office for National Statistics said today.
The headline rate of inflation – which includes mortgage interest payments – was also down, from 2.1% in March to 1.6%.
Subscribers can access RPI trends by selecting “Encyclomedia” from the drop-down box at the top of this page.
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