Inflation slows to lowest level in two years
Inflation rose at its lowest level for more than two years in November, giving hope that the cost of living crisis may have passed its peak.
The 3.9% increase in the consumer price index continues the downward trend that has been happening for most of the year, from the 40-year highs seen a year ago.
Today's figure was driven by lower fuel prices - which are down more than 10% on a year ago - and much slower growth in food prices, especially bread and cereals.
ONS chief economist Grant Fitzner said: "Inflation eased again... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
