Consumer price inflation eased in November as expected, helped by a slowing rate of increase in the prices of food, transport and clothing, the Office for National Statistics said on Tuesday.
The figures chime with Bank of England forecasts that inflation has peaked and will fall back sharply in the coming months. In October inflation eased for the first time since June.
Consumer prices rose 0.2 percent last month, taking the annual inflation rate to 4.8 percent, as forecast by analysts.
The biggest downward pressures on annual inflation came from food and non-alcoholic beverages prices, which rose at the slowest pace since July 2010, as well as from transport, clothing and furniture prices, the ONS said.
The largest upward contributors were alcohol and tobacco.
The ONS said that prices of electricity, gas and other fuels rose at an annual 20.9 percent, the fastest pace since February 2009.
The retail price inflation gauge, which includes more housing costs and is the benchmark for many wage deals, fell to 5.2 percent, versus a forecast annual rise of 5.1 percent.
The central bank forecasts that weak growth will push inflation well below its 2 percent target over the next 18 months, leading most economists to believe the Bank will inject an extra 75 billion pounds into the struggling economy by February when its current asset purchases are completed.
In an earlier encouraging sign for the central bank, ONS data showed last week that producer output prices eased as expected in November.