Inflation in the UK drops to 0.5% thanks to cheaper fuel and toys | Business

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Britain’s annual inflation rate fell to a low of almost 0.5% in four years in May as cheaper gasoline and falling costs for toys and games had an effect on lower cost of living.In a move likely to spark a further stimulus from the Bank of England, the Consumer Price Index (CPI) showed that inflationary pressure continued to ease during the foreclosure of Covid-19.

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