UK’s inflation falls to 2.1% in October

UK inflation fallsAccording to the latest figures released, the UK inflation has fallen to 2.1 per cent, which is its lowest level in four years during the previous month.

The Consumer Prices Index inflation remained low due to slowing rise in the prices of food and soft drinks in the country. Experts have said that the rising energy prices are yet to be factored in and this will increase the overall inflation in the country. The CPI is recorded at 2.1 per cent for the month of November, which is lower than 2.2 per cent in October and 2.7 per cent in September and is also closer to the government's target of two per cent target.

Prime Minister David Cameron said that it is a good sign that the inflation has fallen again in the country making it easier for households. Bank of England governor Mark Carney said that the inflation has fallen to levels that are near the target of two present indicating that the UK economy has recorded strong recovery. He also said that the growth rate is still lower and it will be some time for the central bank to consider withdrawing stimulus in the UK.