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17 January 2006

UK CPI came in at 2.0% Vs 2.1% forecast...

UK CPI came in at 2.0% Vs 2.1% forecast...The main downward impact came from lower petrol prices.

The data means that inflation is under control, increasing the Bank of England's scope for cutting interest rates, resulting in weaker sterling.

Posted at: 10:47

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