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UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves! B

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leeway

woman in headscarf in front of cold meat fridge with basket in supermarket with another shopper in  background

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The bigger than expected fall in UK inflation was partly offset by the rising price of food and non-alcoholic drinks. Photograph: Andy Rain/EPA

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