Tuesday, 17 December 2013 10:43
CPI drops to 2.1% in November
The consumer price index rose in the year to November by 2.1%, slightly down from 2.2% in the previous month, according to the Office for National Statistics.
The main contributions to the fall came in the rate came from food and the utilities - gas and electricity.
The ONS reported that these were partially offset by upward contributions from the transport sector and from some aspects of recreation and culture.
The other main consumer price indices moved in a similar fashion.
CPIH grew by 1.9% in the year to November 2013, down from 2.0% in October. RPIJ grew by 2.0%, up from 1.9%.
Officials explained that the largest downward contributions to the change in the CPI 12-month rate between October and November 2013 came from fruit, where prices rose by less than a year ago, and vegetables, where prices fell this year but rose a year ago.
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There was also a small downward effect from bread and cereals where prices fell slightly this year but rose a year ago.
A key upward contribution came from motor fuels. Petrol prices fell by 1.7 pence per litre between October and November this year compared with a larger fall of 3.0 pence per litre between the same two months a year ago
Over the last five years, the three main contributors to the 12-month inflation rate have been food and non-alcoholic beverages; housing, water, electricity, gas and other fuels; and transport.
The main contributions to the fall came in the rate came from food and the utilities - gas and electricity.
The ONS reported that these were partially offset by upward contributions from the transport sector and from some aspects of recreation and culture.
The other main consumer price indices moved in a similar fashion.
CPIH grew by 1.9% in the year to November 2013, down from 2.0% in October. RPIJ grew by 2.0%, up from 1.9%.
Officials explained that the largest downward contributions to the change in the CPI 12-month rate between October and November 2013 came from fruit, where prices rose by less than a year ago, and vegetables, where prices fell this year but rose a year ago.
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There was also a small downward effect from bread and cereals where prices fell slightly this year but rose a year ago.
A key upward contribution came from motor fuels. Petrol prices fell by 1.7 pence per litre between October and November this year compared with a larger fall of 3.0 pence per litre between the same two months a year ago
Over the last five years, the three main contributors to the 12-month inflation rate have been food and non-alcoholic beverages; housing, water, electricity, gas and other fuels; and transport.
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