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1.7% UK inflation drops below Bank of England's 2% target for the first time in 3 years.
Recent inflation in the UK has dropped to 1.7%, below the Bank of England's 2% target for the first time in over three years.
While this decline may stabilize public finances and reduce welfare spending, it poses challenges for low-income benefit recipients, as their costs are primarily driven by food and energy.
Additionally, state pensions may increase significantly due to a revision in wage growth data, potentially adding £100 million to government expenses next April.
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El 1,7% de la inflación del Reino Unido cae por debajo del objetivo del 2% del Banco de Inglaterra por primera vez en 3 años.