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Inflation in the UK has fallen to its lowest level for more than three years, official figures showed on Wednesday, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting. The Office for National Statistics (ONS) said consumer prices rose 1.7% in September, down from 2.2% the previous month, largely as a result of lower air fares and petrol prices. However, food prices jumped by 1.9% and services were 4.9% more expensive than last year. Core inflation, without food and energy prices, fell to 3.2% in September from 3.6% in the …

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