Tobacco and air fares contributed to rising prices
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Tobacco and air fares contributed to rising prices
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It is the last set of monthly inflation figures before the next interest rate decision on 5 February.
At 3.4 per cent inflation remains far above the Bank of England’s target
The rate of consumer prices index inflation fell to 3.2 per cent in November, from 3.6 per cent in October
Fuel and air fares also pushed up annual July rate, making interest rate cuts less likely this year
Falling food prices helped drag inflation down
Higher air fares, petrol and food prices push inflation to 3.8%, highest since early 2024; European shares slip as tech and…
