Consumer Price Index inflation falls to 1.9%

The rate of Consumer Price Index inflation fell to 1.9% in January from 2% in December, official figures showed today. The headline rate of Retail Price Index inflation rose to 2.8% from 2.7% the month before, the Office for National Statistics said.

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Alexander: The long term economic plan is working

Chief Secretary to the Treasury Danny Alexander has said that today's inflation figures are evidence the long term economic plan "is working."

Inflation falling below 2% for the first time since November 2009 is further evidence that our long term economic plan is working. Controlling inflation and rebuilding our economy are the only sustainable ways to secure living standards for the future.

– Danny Alexander

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