Inflation fell by 0.2 percentage points in November as transport costs and mortgage interest payments went down, the Office of National Statistics says.
London Tube and bus travellers will face above-inflation fare rises in the new year — but transport users in the capital can beat the hikes by buying early or changing how they pay.
The retail prices index (RPI) rate of inflation fell to 2.9% in August, down from 3.2% in July, new figures from the Office of National Statistics (ONS) reveal today.
Households will see an increase in real income next year for the first time since the credit crunch struck, with middle-income earners and poorer families benefiting the most, according to research.