Forecast-beating drop in November takes rate to lowest level in more than two yearsDrop in inflation welcome but does not erase two years of painBusiness live – latest newsBritain’s two-year cost of living crisis eased last month as cheaper petrol and less expensive food helped send the annual inflation rate sharply lower to 3.9% – its second big monthly fall in succession.In a much bigger decline than had been anticipated by economists, the annual rate of price rises fell from 4.6% in October to its lowest level since September 2021. Continue reading…
Source link : https://www.theguardian.com/business/2023/dec/20/uk-inflation-cost-of-living-crisis
Author : Larry Elliott Economics editor
Publish date : 2023-12-20 10:21:13
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UK inflation in unexpectedly steep fall to 3.9% amid lower bread and fuel prices
