Light at the end of the tunnel for savers as inflation drops sharply

Inflation RateNew figures have shown the rate of inflation dropped sharply last month. The data released today by the Office for National Statistics (ONS), shows the rate of inflation in October slowed dramatically to 2.2%, from 2.7% in the previous month. The sharp fall takes the rate of inflation to its lowest level for a year and will allow the Bank of England, who is targeted to keep inflation at 2%, a small sigh of relief....