This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
Money Marketing Cover

UK inflation falls to 4.8%

  • Print
  • Comments (1)

The UK consumer prices index has fallen to 4.8 per cent in November, according to the Office for National Statistics.

The consumer prices index is down 0.2 per cent from 5 per cent in October. The retail prices index fell to 5.2 per cent, from 5.4 per cent in October.

The ONS says the largest downward pressures to the change in CPI annual inflation between October and November came from food, petrol, clothing and furniture, household equipment & maintenance, it says the largest upward pressures came from domestic heating and off sales of alcohol.

In September, RPI hit its highest point since June 1991, when it was 5.8 per cent, CPI stood at 5.6 per cent in September.

The Bank of England’s target rate for CPI is 2 per cent.

  • Print
  • Comments (1)

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Readers' comments (1)

  • Looks like the Brits are drinking at home to forget their troubles while struggling to keep warm......Makes sense to me.

    Unsuitable or offensive? Report this comment

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Do you agree with calls for a flat 30% rate of pensions tax relief?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments