British annual inflation slides to 1.2%: official data

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LONDON (Oct 14): Britain's 12-month inflation fell sharper than expected in September, reaching a five-year low point of 1.2 percent, official data showed on Tuesday.

Annual inflation had stood at 1.5 percent in August, the Office for National Statistics confirmed in a statement.

Analysts' consensus forecast had been for the annual rate to dip to 1.4 percent, according to a survey by Dow Jones Newswires.