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Inflation kept down by low utility bills
Another month of cheaper gas and electricity prices have again helped cut inflation. In May, the Retail Prices Index rose by 4.3% - down from 4.5% the previous month. Meanwhile, inflation under the Consumer Prices Index (CPI), which excludes housing costs and is the government's preferred measure, fell to 2.5% in May - down from 2.8% the previous month with cheaper energy prices again contributing to the drop.