Monday, April 21, 2014   

UK November inflation touches new low
(12-17 18:45)

Britain's 12-month inflation rate slowed to 2.1 percent in November, the lowest level for four years, as food and energy price rises slowed, official data show.
Annual inflation had stood at a year-low of 2.2 percent in October, the Office for National Statistics said today.
“The Consumer Prices Index grew by 2.1 percent in the year to November 2013, down from 2.2 percent in October,'' the ONS said.
“The largest contributions to the fall in the rate came from food and the utilities – gas and electricity. These were partially offset by upward contributions from the transport sector and from some aspects of recreation and culture,'' it added.
At 2.1 percent, the rate was the lowest level since November 2009.—AFP
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