UK inflation sees four-year low of 2.1%

first_imgThe UK inflation rate continued to decline during November, according to the latest figures.The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) grew by 2.1% in the year to November 2013, down from 2.2% in October.According to ONS, 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.CPIH grew by 1.9% in the year to November 2013, down from 2% in October. RPIJ grew by 2%, up from 1.9%.last_img read more