U.K. inflation fell below the Bank of England’s (BoE) target in January to its lowest annual level since November 2009.
Consumer prices rose 1.9 percent year-on-year last month, below the 2 percent target set by the central bank. Month-on-month prices declined 0.6 percent.
The fall in the rate resulted from price movements for recreational goods and services, furniture, household goods, tobacco and alcoholic beverages, according to the Office for National Statistics which published the data.
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