Inflation has fallen to 4.5%, according to official figures out today.
In the year to October the consumer prices index rose by 4.5%, down from 5.2% in September.
The all-retail prices index (RPI) rose by 4.2%, down from 5% in September.
The fall in inflation was helped by a large drop in the price of food and non-alcoholic beverages. This came largely from the price of meat.
The Office for National Statistics said: “Prices fell for a range of pork products; beef prices fell, with discounting in a range of supermarkets; and, overall, chicken prices rose by less than last year.
“There was a small downward effect from biscuits. There was a partially offsetting upward effect from the price of milk.”
Also down was the cost of cakes, bacon and other meat, which includes sausages, pork pies and canned meat.
There was a small upward contribution from alcoholic drinks, where the price of beer rose this year but fell last year.
