Inflation down to 1%

Consumer Price Inflation, November 2014: ONS

  • The Consumer Prices Index (CPI) grew by 1.0% in the year to November 2014, down from 1.3% in October.
  • Falls in transport costs (notably for motor fuels, air transport and second-hand cars) and in the prices of recreational and cultural goods were the main contributors to the slowdown in the rate of inflation between October and November.
  • Food and motor fuel prices, which have historically been upward contributors to the CPI 12-month rate, are currently reducing it by 0.4 percentage points.
  • Rate of Inflation lowest for over 12 years
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