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| UK inflation falls to 1.9% in January | |
| (35 minutes later) | |
| The UK's inflation rate, as measured by the consumer prices index, fell to 1.9% in January. | |
| The rate fell below the Bank of England's 2% target for the first time in more than four years. | The rate fell below the Bank of England's 2% target for the first time in more than four years. |
| The fall is likely to underline the Bank of England's message that there is no rush to raise interest rates. | |
| Inflation as measured by the Retail Prices Index rose to 2.8% from 2.7% in December, the Office for National Statistics (ONS) said. | |
| The lower inflation was in large part due to a fall in the prices of recreational goods and services, furniture and household goods, and alcohol and tobacco, Phil Gooding, from the ONS, told the BBC. | |
| Prime minister David Cameron tweeted that the figures support the government's economic strategy. | |
| "Today's fall in inflation is more evidence our long term economic plan is working," Mr Cameron tweeted. "We want to ensure a secure future for hard-working people." |