Inflation in the UK fell to two percent in December 2013 – hitting the Bank of England’s target for the rate.
The Office for National Statistics released the data today and said that the prices of food, including fruit and veg and bacon had slowed down their inflationary trend.
But while food has saved the Bank of England’s bacon, fuel prices rose in December.
Prime minister David Cameron expressed his delight at the news and claimed that as the economy grew and more jobs came into existence, that meant more security for people lucky enough to have jobs.
The news is bad news for savers though – because it means the Bank of England is unlikely to raise interest rates any time real soon now.
