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Inflation set to drop back to single digits

Inflation is expected to fall back into single digits for the first time in eight months, according to official figures.

The dip could mark the start of a sharp decline in the rate of price growth.

Data from the Office for National Statistics is expected to show that headline consumer prices inflation fell back to a 8.4% in April, down from 10.1% in March, according to forecasts from the Bank of England.

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