The UK inflation rate has dropped to 3.9% in November,its lowest rate for two years
it fell from 4.6% in October,an even bigger fall than economists had expected
The biggest driver was falls in the cost of fuel after an increase this time last year while food price inflation rose at a slower rate
There was also a price drop in household goods and second hand cars while factory gate priced remainder fairly unchanged
Chancellor Jeremy Hunt said on X
“Inflation has more than halved, from over 11% to 3.9% – so we can see the plan is working.With inflationary pressures easing, alongside the major business tax cuts I announced in the autumn statement, we are back on the path to healthy sustainable growth”
