Today's inflation figure follows a sharp drop
If the inflation figure remains unchanged today it would follow a sharp drop in April:
- In April CPI [Consumer Price Index] fell to 3% from 3.5% in March
- That's the lowest level since February 2010
- Inflation has fallen from 5.2% last September
- Previous falls are due to the reduced impact of the VAT rise in 2011
- Also falling energy and food prices and bill cuts from utility providers
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