UK inflation falls to 2.2%

The UK's inflation rate fell to 2.2% in the year to October 2013 as measured by the Consumer Prices Index (CPI).

The figure is the lowest for more than a year and is down from 2.7% in September, according to figures released by the Office for National Statistics (ONS).

The ONS reports that the largest contributions to the fall in the rate came from a drop in prices in the transport sector (notably motor fuels) and in education where the impact of rising tuition fees was felt less acutely than a year previously.

Food inflation fell from 4.8% to 4.3% and some air fares also fell to contribute to the overall downward trend.

The other main consumer price indices moved in a similar fashion. CPIH grew by 2.0% in the year to October 2013, down from 2.5%. RPIJ grew by 1.9%, down from 2.5%.

A separate measure of inflation, the retail prices index (RPI), fell from 3.2% in September to 2.6% in October.