VAT cut for hospitality sector, which is meant to end in January, is one of main drags on CPI
Inflation, the official figures tell us, hardly exists. It is so low, and stable, that it should not be a talking point.
The annual increase in average prices crept up to 0.7% last month, from 0.5% in September. That means the basket of goods and services used by the Office for National Statistics to judge consumer price inflation (CPI) has barely moved over the last year.
