UK inflation rate falls to 1.6% in March
The UK inflation rate as measured by the Consumer Prices Index (CPI) fell to 1.6% in March from 1.7% in February, according to the Office for National Statistics (ONS).
It is the third consecutive month inflation has been below the Bank of England's 2% target rate, and the lowest rate since October 2009.
The largest contribution to the fall in the rate came from petrol prices.
Hugh Pym reports.
15 Apr 2014
- From the section Business