The latest government report has November’s annual rate of inflation down to 1.1%, which is an enormous decline when compared to October’s 3.7%, September’s 4.9% and a rate of 5.4% in August.
On a monthly basis, the Consumer Price Index (CPI) declined 1.9 percent following October’s 1% decline. September was virtually unchanged while August dropped 0.1%.
The Inflation Calculator has been updated to use the latest figures for calculation, as have the following pages:
For an in depth look at November consumer price changes, read Consumer prices fall record 1.7%, inflation drops to 1.1%.