Inflation continues downward trend

THE UK inflation rate has continued its downward trend with a further decline during November, latest figures have shown.

The Office for National Statistics said the Consumer Prices Index (CPI) had registered 2.1% in the year to November 2013, down from 2.2% in October.

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 & culture.

Source : TheBusinessDesk
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