HM Treasury written question – answered on 23rd December 2015.

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Photo of Lord O'Neill of Gatley Lord O'Neill of Gatley The Commercial Secretary to the Treasury

CPI inflation was 0.1 per cent in November 2015 and RPI inflation was 1.1 per cent. Low inflation is being driven by falling food and energy prices, and we continue to see a combination of low prices, rising pay packets and record high employment.

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