The consumer prices index for November fell to 2.3 per cent from 2.4 per cent in October and is expected to decline further in the months ahead. The last time inflation was lower was in January 2017. The fall in inflation, which hit a recent peak of 3.1 per cent in November last year, comes amid rising wages and promises to herald a strong period of real pay growth. Wages are growing at their fastest pace in a decade, official figures have shown. The combination of better pay and controlled price growth will take some of the pressure of…

Source: The Times December 19, 2018 12:00 UTC