UK inflation stays low despite rising cost of chocolate and holidays

Three-year low of 1.5% comes amid speculation that interest rates will be cut soon

UK inflation remained at the lowest level in three years in November despite rising prices for hard-pressed households across a variety of goods, including chocolate, concert tickets and package holidays.

The Office for National Statistics said the consumer price index (CPI) held steady at 1.5% last month, the same level recorded in October, as the annual jump in some prices was offset by falling prices elsewhere, including for cigarettes and hotel rooms.

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