Inflation falls again to 2.1 per cent in a fresh boost for workers 

Mail Online | 1/17/2019 | Tim Sculthorpe, Deputy Political Editor For Mailonline
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Inflation fell again in December as petrol prices fell at the pumps in a further boost for workers.

The Office for National Statistics said prices were rising at 2.1 per cent in December, down from 2.3 per cent the month before. Wages are rising at almost 3.5 per cent a year according to the most recent figures.

Rate - Years - Bank - England - Target

The rate is the lowest for almost two years and is now close to the Bank of England target of 2 per cent.

Air fares were also rising more slowly than a year ago, helping to keep the inflation rate down.

Head - Inflation - ONS - Mike - Hardie

Head of inflation at the ONS Mike Hardie said: 'Inflation eased mainly due to a big fall in petrol, with oil prices tumbling in recent months.

'Air fares also helped push down the rate, with seasonal prices rising less than they did last year.

'These - Rises - Hotel - Prices - Phone

'These were partially offset by small rises in hotel prices and mobile phone charges.

'House price growth was little changed in the year to November, with buoyant growth across...
(Excerpt) Read more at: Mail Online
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