Inflation falls to 2009 levels

Tim Wallace
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PRICE rises slowed unexpectedly last month, the Office for National Statistics said yesterday, as the winter rise in energy bills kicks in later than usual.

Inflation came in at 2.1 per cent, down from 2.2 per cent in the previous month and down to the lowest level since November 2009.

Price rises have exceeded the Bank of England’s two per cent target every month since December 2009 and the move close to that level will give the Bank some comfort.