Cost of living continues to fall
The cost of living continued to fall last month with prices now down 6.6% in the last year, it was revealed today.
Consumer prices in October, as measured by the CPI, decreased by 0.2% in the month.
The official figures showed the annual rate of inflation has dropped steadily every month this year.
The most notable changes in the year were decreases in housing, water, electricity, gas & other fuels (-28.8%), clothing & footwear (-12.8%), food & non-alcoholic beverages (-6.4%), furnishings, household equipment & routine household maintenance (-4.1%) and transport (-3.1%).
There were increases in education (+11.2%), alcoholic beverages & tobacco (+7.1%), miscellaneous goods & services (+6.0%) and health (+3.0%).
Services prices fell by 7.7% in the year to October, while Goods fell by 5.2%.
The CPI excluding tobacco index for October decreased by 0.3% in the month and was down 7.2% in the year.
The CPI excluding mortgage interest decreased by 0.3% in the month and was down by 2.4% in the year.
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