Inflation Falls To 4.5%
Published / Last Updated on 17/11/2008
Inflation Falls To 4.5%
Retail prices (or Consumer Inflation) fell in October from its 16 year high of 5.2% in September to 4.5%.
Figures published by the Office of National Statistics confirmed that falls in oil prices converting to petrol price falls on the forecourt and food costs falls on the High Street (via food transportation cost savings).
In addition, mortgage costs for some were cheaper as interest rate cuts start to show through from certain lenders.
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