ONS Analysis

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Fuel and Food Prices Drive Down UK Inflation to 3.9% – ONS Analysis

LONDON: The UK‘s Consumer Prices Index (CPI) experienced a notable decline, dropping to 3.9% in the twelve months leading up to November 2023 from October’s 4.6%, marking the lowest inflation rate in over two years. Grant Fitzner, Chief Economist of ONS, attributed this decline to a 0.2% monthly drop in CPI for November 2023, fueled by a substantial 10.6% year-on-year…