Inflation has fallen to 10.7 percent according to the Office for National Statistics, down slightly from October's 11.1 percent, but still near a 40-year high.
Rates were lowered this month in-part due to falling fuel prices - which reflects lower oil costs. However the cost of food and energy rates remain at record levels.
The same goes for alcoholic drinks in restaurants, hotels, cafes and pubs, which have all become more expensive in the weeks leading up to Christmas, reports the Mirror Online.
