INFLATION is falling slowly after staggering highs - but what is it and how does it impact households? The UK's rate of inflation fell once again to 3.9% in November , according to the Office for National Statistics (ONS). 1 Inflation has been slowing since a peak of 11.1% last October That follows the Consumer Price Index level of inflation dropping to 4.6% in October and down from 6.7% in September . It means that while costs are still going up , the rate at which they are rising is slowing. The ONS said November's drop was mostly down to the price of fuel, food and households falling. The average cost of unleaded petrol recently…
