News Feed » Consumer Price Index http://www.news-feed.com Current and updated news feed covering the U.S. and the rest of the World Sun, 05 Feb 2012 15:16:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 UK Inflation Rate Dips Below Target http://www.news-feed.com/2009/07/15/uk-inflation-rate-dips-below-target/ http://www.news-feed.com/2009/07/15/uk-inflation-rate-dips-below-target/#comments Wed, 15 Jul 2009 21:09:50 +0000 admin http://www.news-feed.com/?p=701 Yesterday, the UK Office for National Statistics delivered the news that the UK inflation rate dipped below the central bank’s 2% target in June – for the first time in almost 2 years. The Consumer Price Index (CPI) fell to an annualized rate of 1.8% during the month compared with a 2.2% decline in May.

The fall in the cost of food and non-alcoholic drinks including meat, bread and dairy products contributed to the decline. The Retail Price Index (RPI), a broader measure of inflation, fell 1.6% in the month, the most on record.

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