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UK inflation drops to 5 pct in October, lower than market expected
LONDON (AP) ' Inflation in Britain has fallen to 5.0 percent in October, a larger than expected drop from the 5.2 percent rate recorded in the previous month.
The year-to-year consumer price inflation figure announced Tuesday the Office for National Statistics was lower than the market consensus of 5.1 percent.
However, inflation remains far above the official target of 2 percent.