Economists predict inflation is now on track to drop to the government target of 2% in April, providing some relief for chancellor Rachel Reeves
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Economists predict inflation is now on track to drop to the government target of 2% in April, providing some relief for chancellor Rachel Reeves
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Economists expect rates to reach the government target of 2 per cent by around April
Household services contributed the biggest decline towards overall falling inflation
The interest rate comes as CPI rates fell to 3.2 per cent in November
Economic news plus latest business, stock market and personal finance updates from Wednesday
Drop in October’s annual rate raises hopes of interest rate cut after Rachel Reeves’s tax and spending statement
The rate of consumer prices index inflation fell to 3.2 per cent in November, from 3.6 per cent in October
