•The Consumer Prices Index (CPI) grew by 2.4% in the year to April 2013, down from 2.8% in March. •By far the largest downward contribution came from transport costs (notably motor fuels and air fares). •The only notable upward contribution came from price movements for food & non-alcoholic beverages. •This is the first time that the growth in inflation has slowed since Autumn 2012. Over the last six months, the CPI 12-month rate has been particularly stable. •CPIH, the new measure of consumer price inflation including owner occupiers’ housing costs, grew by 2.2% in the year to April 2013, down from 2.6% in ... (full story)