Friday, October 24, 2014   

Britain’s November inflation drops
(01-14 18:08)

Britain's 12-month inflation slowed to the target rate of 2 percent in December and to the lowest level for more than four years, official data show.
At 2 percent, the rate was the lowest since November 2009, when it last hit the target.
The Bank of England’s main task is to use monetary policy to keep annual inflation close to a government-set target of 2 percent.
Annual inflation had stood at a four year-low point of 2.1 percent in November, the Office for National Statistics confirmed.
“The Consumer Prices Index grew by 2 percent in the year to December 2013, down from 2.1 percent in November,'' said a statement by the ONS.
“The largest contributions to the fall in the rate came from prices for food & non-alcoholic beverages and recreational goods & services. These were partially offset by an upward contribution from motor fuels.''—AFP


   
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