UK prices fell in January

Source: Marketwatch
UK consumer prices posted a 0.5% monthly drop in January, said the UK National Statistics Office on Tuesday. The annual consumer price index slowed from 4.2% to 3.6%, creating the lowest reading in 14 months. Economists predicted the yearly inflation rate to be at 3.5%. Current price level still is above the UK central bank's 2% inflation target. 
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