Newspaper article The Journal (Newcastle, England)

Inflation Drops Back below 3%

Newspaper article The Journal (Newcastle, England)

Inflation Drops Back below 3%

Article excerpt

The cpi rate of inflation dropped back below 3% last month, falling at its fastest rate for four years.

The Consumer Prices Index fell to 2.7% in January from the 3% recorded in December, and the Retail Prices Index , often seen as a more representative gauge of the cost of living as it includes housing costs, also fell in January, falling to 4.2% from 4.4% in December.

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