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Inflation falls to five-year low

The level of inflation has dropped to its lowest rate in five years as falling energy prices continued to cut the cost of living, according to reports.

The Office for National Statistics reported that the consumer prices index fell to 1.1% in September on a year-on-year basis, down from 1.6% in August. In the year to September, the retail prices index annual inflation fell by 1.4%, compared with a fall of 1.3% in August.

The main cause of the fall was cheaper electricity and gas bills.

Prices of clothing and footwear put upward pressure on inflation as prices rose by more than a year ago across a range of items.

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