Click For Photo: https://i.dailymail.co.uk/1s/2019/02/13/10/9760628-0-image-a-5_1550052080715.jpg
Inflation plunged to 1.8 per cent in January the lowest rate for two years, official statistics revealed today.
It is the first time since January 2017 the pace of price rises is below the official Bank of England target of 2 per cent.
Boost - Workers - Wages - Cent - Figures
It is also a further boost for workers as wages are continuing to increase at more than 3.3 per cent, the latest figures revealed last week.
Inflation was dragged down by lower energy and fuel prices. Figures from the Office for National Statistics (ONS) show the Consumer Prices Index (CPI) fell from 2.1 per cent in December.
January - Inflation - Economists - Expectations - Bank
January inflation missed economists' expectations and the central bank's target of 2 per cent. Sterling held firm after the news, at 1.289 US dollars and 1.138 euros.
Inflation was pulled lower by a decline in electricity, gas and other fuel prices between December and January, which was partially offset by lower air fares.
Driver - Inflation - Energy - Price - Cap
The main driver for inflation was the new energy price cap on standard variable tariffs recently introduced by energy...
Wake Up To Breaking News!
Freedom is Never Free!