Inflation eases slightly in November for a second successive month, raising expectations that the Bank of England will be able to provide additional stimulus for the economy next year.
Slower growth in food, transport and clothing prices helped push down annual consumer price inflation to 4.8 per cent, its lowest since August.
In October inflation eased for the first time since June to 5.0 percent, from a three-year high of 5.2 per cent
The Bank of England has forecast that weak economic growth will push inflation below its 2 per cent target by the end of 2012, leading some economists to believe the bank will inject an extra £75bn into the economy in February, when its current asset purchases are completed.
"The Bank of England has been arguing for some time that consumer price inflation will fall back sharply once temporary upward pressures wane," said Howard Archer, analyst at IHS Global Insight.
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