U.K. Inflation Unexpectedly Slows to Below BOE Target
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U.K. inflation unexpectedly cooled in January, slowing to below the Bank of England’s 2 percent target for the first time since November 2009.
Consumer prices rose an annual 1.9 percent, down from 2 percent in December, the Office for National Statistics said today in London. The median of 33 estimates in a Bloomberg News survey was for it to remain unchanged. The largest downward contribution came from DVDs, museum entry fees, household goods and alcohol.