Retail sales

Inflation falls below Bank of England's 2% target for first time in four years

Use our interactive tool to build your own inflation shopping basket and see inflation breakdowns since 1989 and by item type

Inflation drops to Bank of England's target

It is the sixth month in a row that the Consumer Prices Index (CPI) rate has fallen, after reaching 2.9% in June. Inflation was last lower, at 1.9%, in November 2009 and since then had risen as high as 5.2%, in September 2011

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