British annual inflation falls to 5.0% in October

15th November 2011, Comments 0 comments

Britain's 12-month inflation fell to a rate of 5.0 percent in October from a three-year high of 5.2 percent in September largely owing to falling food prices, official data showed on Tuesday.

Consumer Prices Index inflation edged up 0.1 percent in October from September on a month-on-month basis, the Office for National Statistics said in a statement.

"CPI annual inflation stands at 5.0 percent in October 2011, down from 5.2 percent in September. The largest downward pressures came from falls in the cost of food ... air fares and petrol," the ONS said.

"Partially offsetting these were upward pressures from increases in the cost of clothing, electricity and gas," it added.

© 2011 AFP

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