LONDON, Dec. 16 -- British inflation dropped to a 12-year low in November, as fuel prices decline significantly.
The Britain's consumer prices index (CPI) grew by 1.0 percent in the year to November 2014, down from the 1.3 percent in October, said Office for National Statistics (ONS) Tuesday.
Falls in transport costs, notably for motor fuels, air transport and second-hand cars, and drops in the prices of recreational and cultural goods were the main contributors to the slowdown in the rate of inflation, said ONS.
In the year to November 2014, food and non-alcoholic beverage dropped by 1.7 percent, while prices of clothing & footwear and transport both declined by 0.2 percent, figures showed.
British consumer prices declined by 0.3 percent in November from the previous month, and the core annual inflation rate, which exclude alcohol, tobacco, food and energy prices, rose 1.2 percent on year-on-year basis, data showed.
CPIH, an inflation gauge include consumer prices and owner occupier's housing costs, increased 1.0 percent in the 12-month to November 2014, down from 1.3 percent in October, data also showed.
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