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First negative inflation for more than half a century

Inflation turned negative for the first time in more than half a century in April, official figures showed today.

The Consumer Price Index (CPI) measure of inflation dipped to minus 0.1%, according to the Office of National Statistics (ONS).

It is the lowest rate on record and comes after two previous months of zero inflation.

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Mark Carney: Brits should enjoy low inflation while it lasts

Governor Mark Carney has said people should 'enjoy the low inflation while it lasts' as the Bank of England will bring inflation up to the 2% target by the end of the year.

We expect inflation to be very low over the next few months. But over the course of the year as we get towards the end inflation should start to pick up towards our 2% target.

The British people should enjoy this period of very low energy prices low, very low food prices, enjoy it while it lasts.

– Mark Carney

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