UK inflation slowed in November

The Office for National Statistics (ONS), reported that the rate of Consumer Price Inflation (CPI) fell to 4.8% in November from 5.0% in October. The Retail Prices Index (RPI), which includes mortgage interest payments, also fell, from 5.4% to 5.2%. The falls were partly due to a slowdown in the rate that the costs of food and non-alcoholic drinks are rising in price.  A one penny per litre fall in the cost of petrol between October and November also helped slow the rate of inflation, as did lower rises in the cost of clothing and furniture. This decrease in the rate of inflation ...