The Consumer Prices Indices (CPI) grew by 2.4% in the year up to April 2013, down from 2.8% in March. The first time that growth in inflation has slowed since the Autumn of 2012, with the rate being largely stable for the last 6 months.
The biggest downward contribution to these figures came from transport costs (motor fuels and air fares).
Notable upward contributions cam from food and non-alcoholic beverages.
The CPIH, a new measure of CPI including owner occupiers’ housing costs, grew by 2.2% in the year to April 2013, down from 2.6% in March.