Summary
Inflation rates have dropped to their lowest level in eight months, mainly due to lower prices for food and clothing. However, the inflation rate is still higher than the target of 2%.
Key Facts
- Inflation reached its lowest level in eight months.
- The decrease is partly due to lower food and clothing prices.
- Inflation is still above the target rate of 2%.
- The data covers the year leading up to November.
- Lower inflation means costs for everyday items are not rising as fast.
- The report indicates inflation fell more than expected.
