Consumer price inflation in the UK decelerates

UK's inflation decreased in November in compliance with expectations, falling of the second month in line, according to official data. The rate of consumer price inflation fell to 4.8% last month as compared to 5.0% in preceding month, reported the UK Office for National Statistics. The rate remains above the Bank of England's target of 2%. The CPI eased to 5.2% in November after jumping to 5.4% in October.