U.K. inflation rate falls to fresh four-year low

Mar 25, 2014, 6:35 AM EDT
A Tesco Petrol station is pictured in Ipswich, eastern England, on March 1, 2007.
AFP/File, Chris Young

Lower petrol prices pushed the U.K. inflation rate to a new four-year low of 1.7% last month, figures show. It is the second consecutive month that the Consumer Prices Index rate has been below the Bank of England's 2% target, having stood at 1.9% in January. Inflation measured by the Retail Prices Index (RPI) fell to 2.7% from 2.8% the month before.
Background:
U.K. inflation rate falls to fresh four-year low of 1.7% [BBC]
European shares rebound; euro, pound steady [Reuters]

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