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News
Inflation falls
The rate of inflation fell in the year to April. The Retail Prices Index (RPI), the preferred inflation measure for union negotiators, was 1.5% (down from 2.6%), exactly matching the previous month’s growth in Average Weekly Earnings.
On the CPIH measure, inflation fell to 0.9% (down from 1.5%). Falling energy and fuel pump prices resulted in the largest downward contributions to the change in CPIH inflation.