UK inflation has fallen to its lowest since March last year due to a drop in petrol, food and airfare prices.The drop has raised the likelihood that the Bank of England will cut interest rates next month, with economists predicting that inflation is on track to drop to target levels by April.

UK inflation has fallen to its lowest since March last year due to a drop in petrol, food and airfare prices.The drop has raised the likelihood that the Bank of England will cut interest rates next month, with economists predicting that inflation is on track to drop to target levels by April.