UK inflation dips by more than expected to 3.2%


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

Other items which also pushed down inflation were the cost of tobacco, restaurant meals and hotel stays, furniture, and transport.

Prices are still rising on average across the economy, but there were decreases in some items between October and November.

Food prices, which were the biggest driver of the lower inflation figure, fell month on month – bucking a trend for normally rising at this time of the year.

Chancellor Rachel Reeves said she knew that families across Britain “will welcome this fall in inflation”.

“Getting bills down is my top priority. That is why I froze rail fares and prescription fees and cut £150 off average energy bills at the Budget this year,” she said.


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