Britain’s inflation rate fell more than economists forecast in January, dropping to record low as food and fuel prices plunged.
Consumer-price growth slowed to 0.3 from 0.5 per cent in December, the lowest 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 per cent. Economists had forecast a 0.4 per cent rate in January.
