Pound coin
Media playback is unsupported on your device

UK inflation rate drops to 2.4%

21 May 2013 Last updated at 13:50 BST

The UK's inflation rate fell to 2.4% in April, according to the Office for National Statistics, down from 2.8% in March.

Lower petrol prices and air fares helped the consumer prices index (CPI) to fall for the first time since September 2012.

But food prices continued to rise as cold weather hit crop production.

Hugh Pym reports.