according to official data.
 |
| Source: BBC/ONS |
-Fruit.
-Bread.
-Cereals.
-Energy bills.
However, as in the previous month, the prices for car fuel and plane tickets fell.
Retail prices index (RPI) inflation, which includes housing costs, fell to 3% last month, from 3.2% in October.
The consumer price index(CPI) which had been maintaining a low level of just 2.2% jumped to the 2.7% rate in October, the rate we are subject to now.
The banks have come under fire again for their failure to accurately predict the changes in CPI. Their most recent prediction is that of autumn 2014.
Quantative easing(QE) remains unlikely with many believing that the not enough of the 2.7% CPI would be affected.
Some also think that, whilst the economy continues through the depression in the economy's cycle, the high inflation will make debts more manageable due to the erosion of the value and may encourage the spending of savings for consumers who fear the erosion of them.
