U.K. Inflation Slows More Than Forecast to Record-Low: Economy
A customer browses clothes in a Primark store at the Westfield Stratford City Mall in London,
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Britain’s inflation rate fell more than economists forecast in January, dropping to the lowest on record as food and fuel prices plunged.
Consumer-price growth slowed to 0.3 from 0.5 percent in December, the least since the data series began in 1989, the Office for National Statistics said on Tuesday. Based on a statistics office model, it’s the weakest since March 1960, when prices fell 0.6 percent. Economists had forecast a 0.4 percent rate in January.