Business News: UK inflation rate falls to 0.3%


UK inflation rate falls to 0.3%

The UK’s inflation rate, as measured by the Consumer Prices Index, fell to 0.3% in April, according to the Office for National Statistics (ONS).
The fall, from March’s rate of 0.5%, is the first since September.
The Bank of England said last week that it expected inflation to increase in the second half of the year.
UK average house prices increased by 9.0% over the year to March 2016, up from 7.6% in the year to February 2016.