UK Inflation Falls

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Posted in:Banking and Finance|December 13, 2011 | Join the mailing list

According to the Office for National Statistics (ONS), inflation measured by the Consumer Price Index (CPI) stands at 4.8 per cent in November 2011, down from 5.0 per cent in October.

The ONS said that the largest downward pressures came from food, petrol, clothing and furniture, household equipment & maintenance.

The cost of food and non-alcoholic drinks rose at its lowest rate since July 2010 after supermarkets launched aggressive price wars and a strong harvest saw the price of fresh vegetables and bread fall.

A 1p per litre fall in the cost of petrol between October and November also contrasted with a 1.8p rise a year ago. Partially offsetting these were upward pressures from increases in the cost of domestic heating and off sales of alcohol.

The Retail Price Index (RPI), which also includes mortgage and interest payments, stands at 5.2 per cent in November 2011, down from 5.4 per cent in October.

A Treasury spokesperson said: "Price inflation came down in November and that is good news for family budgets.

"The Bank of England and other forecasters expect inflation to keep falling over the coming year, which will provide additional relief."

To discuss how we can provide further advice in connection with these issues, please contact Stephen Foster, Partner and Head of our Corporate and Commercial team, by email to or alternatively you can call
Stephen on 0161 833 9211.

The information and opinions contained in this article are not intended to be comprehensive or to provide legal advice. No responsibility for article’s accuracy or correctness is assumed by Berg or any of its partners or employees.
Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of the contents of this article.

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