Richard Campbell
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UK inflation rate falls to 2.8%

A bumper grape harvest and cheaper petrol have helped drive the rate of inflation down to its lowest level for two and a half years.

The Consumer Prices Index fell from 3 to 2.8% last month.

The Retail Prices Index, which includes housing costs, was down from 3.5 to 3.1%.

Richard Campbell from the ONS explains why.

  • 19 Jun 2012
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