Lower fuel prices have pushed the UK’s rate of inflation down to a 12-year low, official statistics show.
The Consumer Prices Index inflation measure – which assesses the cost of basic household goods – fell to a rate of 1% in November from 1.3% in October.
The fall is being dubbed an “early Christmas present” for consumers.
But some investors are concerned that it could slow the UK’s economy, as people delay purchases, expecting prices to fall even further.
Inflation as measured by the Retail Prices Index fell to a five-year low of 2%, down from 2.3%.
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