Inflation & Prices
UK Inflation Eases More Than Expected From 41-Year High
- Core inflation, petrol and used car prices all softened
- Figures unlikely to deter Bank of England rate rise this week
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UK inflation dipped from a 41-year high in November, raising the possibility that the worst of the cost-of-living squeeze is over.
Consumer prices rose 10.7% from a year earlier, the Office for National Statistics said Wednesday, down from 11.1% in October. Economists expected a rate of 10.9%.