Fall in energy prices drags UK inflation to two-year low

Offering respite to households, consumer price index dips to 1.8% in January from 2.1%

Inflation dropped to 1.8% last month following the biggest monthly fall in gas prices since the 1980s, to offer hard-pressed British consumers some respite from rising prices ahead of Brexit.

The consumer prices index (CPI) fell from 2.1% in December to its lowest level in two years as wholesale energy prices tumbled, cutting heating bills for millions of households.