Food price drop eases inflation
THE rate of Consumer Prices Index inflation in the UK fell to 4.8 per cent in November, down from 5% in October, according to the Office for National Statistics.
The rate remains above the Bank of England’s target of 2%.
Retail Prices Index inflation – which includes mortgage interest payments – fell by 0.2% to 5.2%.
The fall is partly due to a welcome slowdown in food and drink prices across the board.
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