The UK's annual rate of inflation dropped to its lowest level since April last year in January thanks to fuel prices falling at the fastest pace on record, official figures showed today.

The rate of Consumer Prices Index (CPI) inflation in the UK fell to 4.8% in November, from 5% the month before, figures show.

The UK's annual rate of inflation rose to 3.2% last month in a shock hike.

The rate of Consumer Prices Index inflation matched its record high in September, rising to 5.2% from 4.5% the month before, official figures show.

In September inflation increased from 4.7% to 5.2% its fastest growth rate in 11 years and puts it at a 16 year high. But economists believe Tuesday's report marks the highest inflation will go and that it will return to the target level by the end of 2009. That will be the same economists that predicted the credit crunch and the collapse of the banking system then!!!! .

UK inflation fell slightly last month but remains well above the coalition government's two per cent target, official figures revealed yesterday.

The broadband.co.uk speedtest results for December 2008 show Virgin keeping their lead as the UK's fastest broadband provider for the fourth consecutive month, but O2/Be are closing the gap with the difference now marginal.

The UK's annual rate of inflation rose to 3.2 per cent last month in a shock hike which will force the Governor of the Bank of England to write an open letter to the Chancellor, official figures showed today.

FOOD prices in the UK continued to rise sharply last month at the same time as the overall inflation rate dropped slightly, new figures have revealed.

The UK's annual rate of inflation rose to 3.2% last month in a shock hike.