UK inflation falls to fresh four-year low

The latest consumer prices index (CPI) inflation rate fell from 2.2% the previous month, leaving it at its lowest level since November 2009, when CPI was 1.9%. The largest downward falls came from food and utility prices, partially offset by upwards contributions from the transport and recreation & culture sectors. The fall was in-line with analysts expectations that the rate would hold above 2% this month, and follows a sharp fall in October. Last month CPI inflation fell from 2.7% to 2.2%, the Office for National Statistics said, driven by falls in motor fuel and tuition fees. ...