Inflation Down But Still High
Published / Last Updated on 22/05/2012
Inflation Down But Still High.
The UK inflation rate fell last month to its lowest since February 2010. The Consumer Prices Index (CPI) fell from 3.5% to 3% and the Retail Prices Index (RPI) fell from 3.6% to 3.5%, according to the Office for National Statistics.
According to the Bank of Englad governor, Sir Mervyn King, CPI inflation would remain above the 2% target for the next year or so.