UK inflation eases to 12 year lows at 1%

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UK inflation eases to 12 year lows at 1% Consumer prices in the UK declined to historic lows as data released by the ONS earlier today showing the headline CPI y/y coming below estimates at 1%, well below the estimates of 1.2%. Core CPI y/y also declined to 1.2%, below 1.5% estimates led by falling gas prices in the country. The lower inflation reading comes in line with the BoE's estimates relea...

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