More good economic news out today as the UK inflation rate drops to 2.1% from 2.2%, close to the Bank of England target rate of 2.%, covering October data. Whether the downward trend continues though remains to be seen as the recent price rises in consumer egengy prices haven't yet impacted on the Consumer Price Index but will when December figures are reported,early next year.

The main price changes reported by the Office of National Statistics were in food and energy.

The concensus of opinion for the ONS report to cover December, is for an end of year inflation level of 2.2% with the target 2% being hit in the first quarter iof 2014.