World Economy

UK Inflation At 5-Year Low

UK Inflation  At 5-Year LowUK Inflation  At 5-Year Low

Inflation fell sharply to a five-year low last month to fuel expectations that the Bank of England will not raise interest rates until after next year’s general election. The Consumer Price Index (CPI) measure of inflation dropped from 1.5% in August to 1.2% in September, official figures showed Tuesday, BBC reported.