The Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.
British inflation falls in October to 5 percentTuesday, 15 November 2011
The British inflation rates or the Consumer Prices Index (CPI) fell slightly to 5percent during October, down from a rate of 5.2 percent the month before.
AdvertisementFalls in the price of food, air transport and fuel helped to push the inflation rate down. Despite the drop, the rate still remains well above the Bank of England's target of 2 percent.
Retail Prices Index (RPI) inflation - which includes mortgage interest payments - also fell to 5.4 percent from 5.6 percent.
Food prices were driven down by heavy supermarket discounting and good harvests, according to the British Office for National Statistics.
By Scancomark.se Team
What do you think about the above article? Please leave us a comment and reaction. Thank you