UK inflation falls back to its lowest level for more than two years
manchestereveningnews.co.ukUK inflation eased back to its lowest level for more than two years last month as falling petrol prices helped drive a bigger-than-expected fall, official figures show.
The Office for National Statistics (ONS) said the rate of Consumer Prices Index inflation fell to 3.9% in November, down from 4.6% in October, and the lowest level since September 2021.
Most economists had been expecting inflation to fall to 4.3% last month. READ MORE: Killers jailed for horrific revenge attack on ‘gentle giant’ who was murdered in his own home READ MORE: Prison officer 'cried and asked Strangeways inmate to stop' during 'phone sex', trial hears Grant Fitzner, chief economist at the ONS, said: “Inflation eased again to its lowest annual rate for over two years, but prices remain substantially above what they were before the invasion of Ukraine. “The biggest driver for this month’s fall was a decrease in fuel prices after an increase at the same time last year. “Food prices also pulled down inflation, as they rose much more slowly than this time last year. “There was also a price drop for a range of household goods and the cost of second-hand cars.”
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