The rate of consumer prices index inflation fell to 3.2 per cent in November, from 3.6 per cent in October
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The rate of consumer prices index inflation fell to 3.2 per cent in November, from 3.6 per cent in October
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UK inflation dropped far more than expected last month, with food prices falling to ease the cost of living, new official figures show.
Falling food prices helped drag inflation down
Economists expect rates to reach the government target of 2 per cent by around April
The November figure is down on the 3.6% recorded in the year to October.
Prices have been rising more slowly in the twelve months to October but food prices bucked the trend.
At 3.4 per cent inflation remains far above the Bank of England’s target
Economists predict inflation is now on track to drop to the government target of 2% in April, providing some relief for…
