by Richard Partington on (#3QTJC)
Lower airfares helped bring down consumer price index to 2.4% in April, says ONSUK inflation unexpectedly fell further last month to the lowest level in more than a year as lower airfares provided some relief for cash-strapped Britons.Triggering a sell-off in the pound to the lowest levels seen this year, the consumer price index dropped from 2.5% in March to 2.4%, according to the Office for National Statistics (ONS). Economists had expected the annual rate of growth in prices to remain unchanged.Related: UK inflation falls to 13-month low, sending pound sliding – business live Continue reading...