Tuesday, December 13, 2011
The rate of Consumer Prices Index (CPI) inflation in the UK fell to 4.8% during November, down from 5% the month before, according to the Office for National Statistics (ONS). The rate still remains well above the Bank of England's target of 2%. Retail Prices Index (RPI) inflation - which includes mortgage interest payments - fell to 5.2% from 5.4%. The fall was partly due to a slowdown in the rise in food and non-alcoholic drink prices.