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| UK inflation falls to 1.9% in January | 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 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. | 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. | 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 cost of recreational and cultural activities, including falling DVD prices and lower entrance fees to attractions. | |
| Discounts on furniture and household goods, and also lower alcohol and tobacco prices, also had an impact, the ONS said. | |
| Prime minister David Cameron tweeted that the figures support the government's economic strategy. | 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." | "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." |
| Bank of England governor Mark Carney indicated earlier this month that interest rates would not rise for some time. | |
| The fall in inflation is likely to help bolster this message. |