TagAnnual Inflation

UK inflation declined at the sharpest rate in 16 months to 10.7% in November as the momentum after the rising cost of clothing and petrol began to ease amid growing fears of a long recession.The drop in the customer prices index figure was slightly bigger than expected by most City analysts, who forecast the annual pace of price rises would skate to 10.9% last month, from 11.1% in October...