The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.2% in April 2018, down from 2.3% in March 2018. The rate has fallen back from a recent high of 2.8% during autumn 2017 resulting in the April 2018 figure being the lowest observed since January 2017. The largest downward contribution to the change in the rate came from air fares, which were influenced by the timing of Easter. Rising prices for motor fuels produced the largest, partially offsetting, upward effect. The Consumer Prices Index (CPI) 12-month rate was 2.4% in April 2018, down from 2.5% in March 2018. As ... (full story)