Consumers in Britain have benefitted from cheaper petrol and falling food prices.
This has pushed November’s rate of inflation down to its lowest level in more than a decade.
Lower prices were also found in air transport and second-hand cars among other things, although the cost of computers games rose slightly.
The bonus of more spending power is a useful one for the Christmas period.
Prices rose by 1% in the year to November, the lowest level since 2002 and down from 1.3% in October, according to the Office for National Statistics (ONS).
The price of oil crashed to below $60 for a barrel of Brent crude, its lowest since 2009.
For nearly one year, inflation has been below the Bank of England’s target of 2%.
Core inflation, which excludes volatile energy prices, fell to 1.2% in the year to November. The retail prices index measure stood at 2% in November, down from 2.3% in October.
Analysts believe that inflation is likely to remain low for the coming months, which would boost household incomes and consumer spending.
The anticipated rise in interest rates from the record low of 0.5% could be delayed as a result to 2016.
