Inflation rate reaches lowest level in over two years
The rate of inflation has fallen to its lowest level in two-and-a-half years, according to the latest figures by the Office for National Statistics.
The consumer prices index (CPI) climbed by 3.2% in the 12 months to March 2024, a slight decrease from 3.4% in February.
The annual rate in March 2024 was the lowest since September 2021, when it was 3.1%, and is well below the peak of 11.1% in October 2022.
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