The inflation rate is finally coming back down, but Martin Lewis explained that it may not all be good news.
Appearing on ITV's Good Morning Britain as he hosted the show alongside Kate Garraway, the Money Saving Expert founder explained that the rate of Consumer Price Index (CPI) fell from 11.7% in October to 10.7% in November. However, it still remains close to its highest level in 40 years.
Crucially, this doesn't mean prices are falling - it just means they are rising at a marginally lower rate. Martin said: "If something cost £100 last year, and let's say inflation is 10% for easy maths, it costs £110 this year."
