Home Business news UK inflation slows more than expected to 3.9% annual rate – business...

UK inflation slows more than expected to 3.9% annual rate – business live

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Inflation rate is the lowest since 2021

The slowdown in inflation was caused by a drop in petrol prices, while second-hand cars, maintenance and repairs, and air fares also dragged the figure down.

The average price of petrol fell by 4.1 pence per litre between October and November to 151p per litre, down from 163.6p per litre in November 2022. Diesel prices fell by 3.2p per litre this year to 159p, down from 187.9p per litre in November 2022.

Continue reading…Inflation rate is the lowest since 2021The slowdown in inflation was caused by a drop in petrol prices, while second-hand cars, maintenance and repairs, and air fares also dragged the figure down.The average price of petrol fell by 4.1 pence per litre between October and November to 151p per litre, down from 163.6p per litre in November 2022. Diesel prices fell by 3.2p per litre this year to 159p, down from 187.9p per litre in November 2022. Continue reading…