Inflation at lowest level since 2010

Inflation fell by 0.4% over the month of November, although prices have risen by 0.8% on year-ago levels.

The Consumer Price Index (CPI) is now at its lowest level since Nov 2010.

Of the 12 components that make up the CPI, only four rose during last month. One of the more interesting trends was housing-related inflation. Even though house prices continue to stagnate or fall, rents are moving in the opposite direction — increasing by 0.6% over the course of the last month.