UK inflation falls to 2% target rate in December

The UK's inflation rate, as measured by the Consumer Prices Index, fell to 2% in December, down from 2.1% the month before.

It is the first time inflation has been at or below the government-set target of 2% since November 2009.

The Office for National Statistics said the fall was caused by slower increases in the prices of food.

Hugh Pym reports.