UK inflation slumps to lowest since 2016 as coronavirus hits
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LONDON (Reuters) - Britain's inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing stores slashed prices, bolstering the prospect of more Bank of England stimulus next month.Consumer price inflation dropped to an annual rate of 0.8%from 1.5% in March, official data showed on Wednesday. That was the sharpest one-month fall in over a decade and took inflation further below the BoE's 2% target. Deputy Governor Ben..