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UK inflation falls to fresh four-year low

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  • 17/12/2013
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UK inflation falls to fresh four-year low
The UK's headline inflation rate has fallen to its lowest level in four years after edging down to 2.1% in November.

The latest consumer prices index (CPI) inflation rate fell from 2.2% the previous month, leaving it at its lowest level since November 2009, when CPI was 1.9%.

The largest downward falls came from food and utility prices, partially offset by upwards contributions from the transport and recreation & culture sectors.

The fall was in-line with analysts expectations that the rate would hold above 2% this month, and follows a sharp fall in October.

Last month CPI inflation fell from 2.7% to 2.2% last month, the Office for National Statistics said, driven by falls in motor fuel and tuition fees.

That represented the joint lowest level since November 2009, matched only by last September’s 2.2% figure.

November’s RPI inflation rate, meanwhile, stayed constant at 2.6%.

 

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