Posted 12/20/2023, 8:26:15 AM
Falling Fuel Prices Help Slow UK Inflation to Lowest in Over 2 Years
- Inflation fell to 3.9% in November, down from 4.6% in October and the lowest rate in over 2 years
- The biggest downward pressure on inflation came from falling fuel prices
- Prices for some goods like raw materials and goods leaving factories also dropped
- Inflation remains nearly double the Bank of England's 2% target
- The Chancellor said the fall in inflation shows measures to ease cost of living pressures are working, but more help is still needed for struggling families