British inflation drops to 5% in October

Lower food, transport and petrol prices contributed to a small fall in the British inflation rate in October to five per cent from 5.2 per cent.

15th November, 2011
British inflation drops to 5% in October
London's Cartier outlet.

Lower food, transport and petrol prices contributed to a small fall in the British inflation rate in October to five per cent from 5.2 per cent.

Food prices dropped 0.9 per cent while transport dropped 0.7 per cent.

However core annual inflation - excluding food, alcohol and tobacco - rose to 3.4 per cent from 3.3 per cent, according to Bloomberg News.

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