UK inflation falls below 2% for first time in three and a half years

Annual drop to 1.7% in September puts pressure on Bank of England to cut interest rates next month

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UK Inflation fell below 2% in September for the first time in three and a half years, piling further pressure on the Bank of England to cut interest rates at its meeting next month.

The consumer prices index dropped from 2.2% in August to 1.7% last month, according to figures from the Office for National Statistics.