For the second consecutive month the largest downward contribution came from transport costs, which fell from an annual rate of 4.3% in October to 1.3% in November. This was mainly due to the price of fuels and lubricants, which fell this year but rose a year ago.
The average price of petrol fell by 9.3 pence per litre between October and November this year, to stand at 95.2 pence, compared with a rise of 3.5 pence last year. Diesel prices fell by 7.5 pence per litre this year to stand at 108.8 pence, compared with a rise of 5.0 pence last year. There was also a fall in the price of second-hand cars compared with a rise a year ago.
