Summary
The UK inflation rate decreased to 3.2% in November, down from 3.6% in October. This drop was larger than expected and is the lowest rate in eight months, although it remains higher than the Bank of England's 2% target.
Key Facts
- The UK inflation rate fell to 3.2% in November.
- In October, the inflation rate was 3.6%.
- Analysts had predicted the inflation rate would decrease to 3.5%.
- The current inflation rate is the lowest in the past eight months.
- The Bank of England's target for inflation is 2%.
- Lower prices for food, drinks, tobacco, and alcohol contributed to the decrease in inflation.
