This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-26730533

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
UK inflation rate falls to 1.7% UK inflation rate falls to fresh four-year low of 1.7%
(35 minutes later)
The UK's inflation rate, as measured by the Consumer Prices Index (CPI), fell to 1.7% in February from 1.9% in January, official figures show. Lower petrol prices pushed the UK inflation rate to a new four-year low of 1.7% last month, figures show.
It marks the second consecutive month that the measure has been below the Bank of England's 2% target. It is the second consecutive month that the Consumer Prices Index rate has been below the Bank of England's 2% target, having stood at 1.9% in January.
Inflation measured by the Retail Prices Index (RPI) fell to 2.7% from 2.8% the month before.Inflation measured by the Retail Prices Index (RPI) fell to 2.7% from 2.8% the month before.
The drop in the inflation rate was driven by a fall in the price of petrol. Average petrol prices fell by 0.8p per litre between January and February, compared with a rise of 4p a year ago.
The Office for National Statistics (ONS) said petrol prices fell by 0.8p per litre between January and February, compared with a rise of 4p a year ago. The Office for National Statistics (ONS) also said diesel prices dropped by 0.8p, compared with a 3.7p increase the year before.
It said the price of clothing and footwear had also increased at a slower pace than the same period last year, contributing to the fall in the inflation rate. The ONS said the price of clothing and footwear had also increased at a slower pace than the same period last year, and energy bills also had a downward effect on inflation.
However, the price of furniture and home furnishings rose by more than last year, the ONS said.