UK inflation dips by more than expected to 3.2%

Falls in food, alcohol, and clothing prices last month helped drive inflation to its lowest level in eight months in November.

The inflation rate fell to 3.2% from 3.6%, a larger fall than analysts expected.

Lower food prices were the main driver of the fall, "with decreases seen particularly for cakes, biscuits, and breakfast cereals", according to Office for National Statistics (ONS) chief economist Grant Fitzner.

It comes ahead of the Bank of England's decision on interest rates on Thursday, with a cut widely expected.

The fall in inflation will foster hope that inflation has peaked, with this possibly paving the way for further interest rate cuts next year.