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.
The Consumer Prices Index (CPI) grew by 1.7% in the year to February 2014, down from 1.9% in January
The largest contribution to the fall in the rate came from transport (principally motor fuels) with other smaller downward effects from the housing & household services and clothing & footwear sectors.
These were partially offset by upward contributions from furniture & household goods and recreation & culture.
CPIH grew by 1.6% in the year to February 2014, down from 1.8% in January. CPIH is a measure of UK consumer price inflation that includes owner occupiers’ housing costs
RPIJ grew by 2.0%, down from 2.1% in January. RPI is a long-standing measure of UK inflation that has historically been used for a wide rangeof purposes such as the indexation of pensions, rents and index-linked gilts.