UK inflation falls to 0.5% on back of cheaper petrol and toys
by Larry Elliott Economics editor from on (#54PE0)
Drop to near four-year low in May likely to prompt fresh stimulus by Bank of England
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The Bank of England is expected to provide a fresh boost to Britain's coronavirus-hit economy after the latest official figures showed the annual inflation rate dropped to a near four-year low of 0.5% in May.
Cheaper petrol and the falling cost of toys and games had a downward effect on the cost of living, more than compensating for higher food and drink prices.
Related: HSBC to push ahead with 35,000 job cuts; UK inflation eases for fourth month - business live
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