CPI Inflation falls to 1.7%

The inflation rate has dropped to 1.7%, the Office for National Statistics has announced. The Consumer Prices Index fell to 1.7% in February from 1.9% in January, official figures show.It marks the second consecutive month that the measure has been below the Bank of England's 2% target. {desktop}{/desktop}{mobile}{/mobile}Inflation measured by the Retail Prices Index (RPI) fell to 2.7% from 2.8% the month before.CPIH grew by 1.6% in the year to February 2014, down from 1.8% in January. RPIJ grew by 2.0%, down from 2.1% in January.

CPI Inflation falls to 1.7%

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