BREAKING: The Office for National Statistics has revealed the rate of inflation fell to 10.7% in November from 11.1% in October.
The rate of inflation has fallen slightly in a rare bit ofFigures released today show the Consumer Prices Index inflation fell to 10.7% in November from 11.1% in October.
Upward pressure on households is mainly being fuelled by the price of energy and good, the research confirms. While prices are still rising at near-record levels, it’s a welcome downwards move after the rate hits its highest rate since October 1981 in the last set of figures.The Bank of England is expected to increase interest from 3% to 3.5% in an effort to dampen inflation when it’s leading committee meets on Thursday, a move which will hit mortgage holders.
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