Inflation drops to 0.3% as clothing and food prices eased during lockdown


Inflation drops to 0.3 per cent as clothing and food prices eased during blanket lockdown in England

  • Headline CPI inflation rate dropped from 0.7 per cent in October to 0.3 per cent
  • Clothing and food prices were the main factors behind the fall in November
  • They were offset by rising costs of games, toys and hobbies, official figures show

Inflation dipped to 0.3 per cent last month as clothing and food prices eased during the blanket coronavirus lockdown in England.

The headline CPI rate was down from 0.7 per cent in October, taking some of the pressure off families struggling with economic meltdown.

Clothing, food and soft drinks were the main drivers of the slide, while the second hand car market also came off the boil.

Desperate retailers mounting sales meant clothes and footwear prices were 3.6 per cent lower than the same month last year. 

That was offset to an extent by rising costs of games, toys and hobbies. 

The headline CPI rate was down from 0.7 per cent in October, taking some of the pressure off families struggling with economic meltdown

ONS Deputy National Statistician for Economic Statistics Jonathan Athow said:

‘With significant restrictions in place across the UK, inflation slowed, predominantly due to clothing and food prices. 

‘Also, after several months of buoyant growth, second-hand car prices fell back a little.’

Clothing, food and soft drinks were the main drivers of the 0.4 percentage point slide between October and November

 Clothing, food and soft drinks were the main drivers of the 0.4 percentage point slide between October and November 

Read more at DailyMail.co.uk