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"The fall in inflation in November was as expected, and will accelerate in the early months of 2012"
- David Kern, chief economist at the British Chambers of Commerce
U.K. inflation eased for a second consecutive month in November, helped by lower food, transportation and clothing costs. Consumer prices rose 4.8 percent compared with the same period last year, said the Office for National Statistics on Tuesday.
"Moderating inflation is desperately needed to ease the squeeze on consumers' purchasing power and provide some much- needed help to the struggling economy," said Howard Archer, an economist at IHS Global Insight in London. "Inflation should continue to retreat markedly as 2012 progresses."
"The fall in inflation in November was as expected, and will accelerate in the early months of 2012," said David Kern, chief economist at the British Chambers of Commerce.