| Consumer inflation dropped to 4.5% in October, according to the Office for National Statistics (ONS), the biggest fall since 1992.
The Retail Prices Index (RPI) judged the fall in inflation to be 0.8%, the biggest fall since 2003, hitting a low of 4.2%.
"The largest downward pressure on the CPI annual rate came from transport costs where the price of fuels and lubricants fell this year but rose last year," stated the ONS.
"The decrease this year was triggered by a sharp fall in the price of crude oil."
The Bank of England has predicted that inflation could miss its target of 2% during 2009, and may not even reach 1%.
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