Inflation falls to 2.8%

The Consumer Prices Index (CPI) measure of inflation fell to 2.8% in May, from 3% in April, official figures showed today.

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Inflation lowest since Nov 2009

There is good news for the economy after official figures revealed inflation had fallen to a two-and-a-half-year low. The Consumer Prices Index measure of inflation fell to 2.8% in May, from 3% in April.