A slower rise in the price of clothing and footwear - and women's clothing in particular - contributed to last month's downward trend in the Consumer Prices Index (CPI), the Government's new target measure for inflation.

According to data from the Office for National Statistics (ONS), the CPI fell to 1.3 per cent in November from 1.4 per cent during the previous month.

The CPI, otherwise known as the Harmonised Index of Consumer Prices, brings the UK into line with the euro zone.