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British consumer price inflation eased last month to its lowest level since records began in 1989 and looks set to slow further, lifting voters' disposable incomes as national elections approach.Stripping out energy and food, prices rose last month by 1.4 percent, a three-month high.Last week, BoE Governor Mark Carney said inflation would probably fall below zero due to tumbling oil prices, but the Bank also forecast a rebound to its 2 percent inflation target in about two years' time.Crude oil prices paid by British manufacturers fell by 20.2 percent in January from December – the sharpest drop since December 2008, adding to downward pressure on producer prices.
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