Inflation rate remains at 4%

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The rate of inflation has remained at 4%, below expectations, official figures show.

The consumer price index measure of inflation stood at 4% in January, the Office for National Statistics (ONS) said.

It's the same as in December and below economists' expectations, including the Bank of England.

The central bank forecast a 4.1% rate while economists polled by Reuters were expecting a rise to 4.2%.

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