Britain's inflation rate fell to the lowest in 4 1/2 years in March as gasoline and clothing prices pushed it further below the Bank of England's target

Britain's inflation rate fell to the lowest in 4 1/2 years in March as gasoline and clothing prices pushed it further below the Bank of England's target. Consumer prices rose an annual 1.6 percent, compared with 1.7 percent in February, the Office for National Statistics said today in London. That's the lowest rate since October 2009 and matched the median of 38 estimates in a Bloomberg News survey. Core inflation also slowed to 1.6 percent. Inflation has been below the BOE's 2 percent goal for the past three months, helping support Governor Mark Carney's case for keeping the benchmark interest rate at a record-low 0.5 percent. Read More: (VIEW LINK)


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