Inflation falls to four-year low
The rate of Consumer Price Index inflation has fallen to a four-year low of 1.7% last month. The main factor in the decline was fuel prices. The rate of Retail Price Index inflation dropped to 2.7%.
Inflation figures bring good news for the Government
Inflation matching wage rises in the private sector brought more good news for George Osborne and the Conservative party today, but less good news for Labour, as the figures could go some way to weaken their argument on the cost of living crisis they say ordinary people continue to endure.
ITV News Political Editor Tom Bradby reports on what the figures mean for political parties:
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Stage set for living standards to get better
Wages should begin to grow with the economy, setting the stage for living standards to improve, but there is a lot of ground to make up.
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Falling inflation could change the debate on the economy
Figures on rising private sector wages are politically explosive and could change the debate on the economy.