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ECONOMICS COMMENTARY Jun 17, 2014

UK inflation drops to 4" year low, but rising house prices confuse the policy picture

UK policymakers were confronted with more mixed news on the economy, as inflation fell to a four-and-a-half year low in May, but the official measure of house prices rose at an annual rate of 9.9% in April, regsietring the largest yearly increase since June 2010.

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