Inflation hits 12-month low

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The consumer (CPI) and retail prices index (RPI) measures of inflation have hit their lowest levels since September 2012, according to the Office for National Statistics (ONS).

CPI inflation in October fell from 2.7% to 2.2% while RPI inflation dropped from 3.2% to 2.6%. The ONS said the biggest contributions to the slowdown came from fuel prices and education, after l...

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