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Inflation drops to its lowest level in two years

20 March 2024

7:32 PM

20 March 2024

7:32 PM

Inflation has slowed once again, to 3.4 per cent in the 12 months to February, down from 4 per cent in January. This takes the inflation rate to its lowest level in two and a half years, and keeps inflation on track for the Bank’s target of 2 per cent this spring.

The fall in the headline rate was slightly bigger than expected – economists had forecast 3.5

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