Inflation falls to four-year low

The rate of Consumer Price Index inflation has fallen to a four-year low of 1.7% last month. The main factor in the decline was fuel prices. The rate of Retail Price Index inflation dropped to 2.7%.

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Cameron: Low inflation helps standard of living

Prime Minister David Cameron welcomed today's inflation figures, saying that they are proof the government's long-term economic plan is working.

Speaking from Hull, Mr Cameron said the figures show that the recovery is gathering pace and the rate of inflation is helping people live a "better standard of life".

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