Inflation falls to 4.1%

UK inflation dropped again in November to 4.1% compared to 4.5% in October.

The fall was expected to be bigger, with some predicting it could be as low as 3.9%.

The Consumer Prices Index shows the headline rate of Retail Prices Index inflation, which includes housing costs, declined to 3% in November from 4.2% in October.

It is widely predicted that inflation will continue to fall into the new year with concerns that it will go below the government’s 2% target.