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RETAIL PRICES INDEX NOVEMBER 1993 DOWN 0.1%

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The retail prices index was 141.6 in November compared with 141.8 in October, a fall of 0.1% over the month. ...
The retail prices index was 141.6 in November compared with 141.8 in October, a fall of 0.1% over the month.

Between October and November there were further price cuts for food, car prices continued to fall and there were pre-Christmas discounts on alcoholic drinks. There were, however, price increases for some household goods and personal articles. Over the 12 months to November the increase in the all items RPI was 1.4% unchanged from October.

Excluding mortgage interest payments, the increase in prices in the latest 12 months fell to 2.5%, from 2.8%. This was the lowers 12-month rate on record for this series which began in 1975.

Food: There were further price cuts for food between October and November, refelcting competition between supermarkets. Amongst seasonal foods there were price reductions for fresh fruit and eggs although many fresh vegetables were dearer. Among non-seasonal foods there was a variety of price cuts, especially for soft drinks, bread, shop brought milk, pork, tinned fish and other processed foods.

Alcoholic drink: The monthly fall of 0.5% for this index was a result of special offers for off-sales leading up to Christmas.

Household goods: Between October and November there were price increases for furniture and furnishings.

Personal goods and services: The monthly rise of 0.9% in this index reflected recoveries following sales on personal articles such as spectacles and jewellery.

Motoring expenditure: The monthly fall in this index mainly reflected further reductions in second-hand car prices. Petrol prices fell slightly.

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