UK Covid-19 restrictions in place throughout November pushed the country’s CPI inflation rate down to 0.3% from 0.7% in the previous month, according to data from the Office for National Statistics.
The CPIH 12-month rate, which includes owner occupiers' housing costs, also fell to 0.6% in November, down from 0.9% in October. Falling prices for clothing, and food and non-alcoholic beverages made the largest contributions to the downward trend, with a fall of 0.17 and 0.09 percentage points respectively. Clothing prices fell by 2.6% between October and November 2020, compared with a rise of 1.0% between the same two months a year ago. The ONS said prices usually rise between these two months but price movements across 2020 have been "unusual compared with previous years and app...
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