By Chris Dorrell Inflation fell below the two per cent target for the first time since April 2021, new figures show, in a further boost for hopes that the Bank of England will cut interest rates next month. The consumer price index fell to 1.7 per cent in September, according to the Office for National Statistics (ONS), down from 2.2 per cent in August. This was a bigger fall than economists had expected. City traders had expected inflation to fall to 1.9 per cent in September. Core inflation, which strips out volatile components such as food and energy, fell to 3.2 per cent, also below expect…