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Inflation dips down
In January, the annual rate of inflation under the RPI — the inflation measure favoured by union negotiators — dipped to 4.0% from 4.1%.
Under the Consumer Prices Index Housing (CPIH) — the government’s preferred measure — the annual inflation rate was steady at 2.7% at the start of 2018.
The annual rate of inflation under the Consumer Prices Index (CPI) was also unchanged — but at the higher rate of 3.0%.