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Britain's CPI down to 4.8% in November

(Xinhua)

19:13, December 13, 2011

LONDON, Dec. 13 (Xinhua) -- Britain's consumer prices index (CPI) rate, a main gauge of inflation, declined to 4.8 percent in November from 5 percent in the previous month, the Office for National Statistics (ONS) announced on Tuesday.

The rate still remains well above the 2 percent target set by Britain's central bank, the Bank of England.

Retail price index (RPI) inflation, which includes mortgage interest payments, fell to 5.2 percent from 5.4 percent.

The fall was partly due to a slowdown in the price rise in food and non-alcoholic drink prices.

The ONS figures showed that slower rises in transport, clothing and furniture costs also contributed to the fall in CPI.

The largest upward contributors to inflation in the retail sector were alcohol and tobacco.

The ONS also said that prices of electricity, gas and other fuels rose at an annual rate of 20.9 percent, the fastest pace since February 2009.

The Bank of England said earlier this year that it expected the rate of inflation to drop in 2012 as prices fall back and the impact of the government's increase in VAT is no longer felt.

 
 
 
 
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