UK inflation falls to 2% target rate in December

BBC NEWS

The UK's inflation rate, as measured by the Consumer Prices Index, fell to 2% in December, down from 2.1% the month before.

It is the first time inflation has been at or below the government-set target of 2% since November 2009.

The Office for National Statistics said the fall was caused by slower increases in the prices of food.

Inflation as measured by the Retail Prices Index (RPI) rose to 2.7% from 2.6% in November.