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UK Inflation Falls to Four Year Low

2024-06-21OANDAOANDA
The UK’s inflation rate, as measured by the consumer prices index, fell to a four-year low of 2.1% in November, down from 2.2% the month before. The Office for National Statistics said the change was caused by slower increases in food and energy prices. The ONS said this was because the impact of recently announced […]

The UK’s inflation rate, as measured by the consumer prices index, fell to a four-year low of 2.1% in November, down from 2.2% the month before.

The Office for National Statistics said the change was caused by slower increases in food and energy prices.

The ONS said this was because the impact of recently announced rises in energy prices were yet to take effect.

Inflation as measured by the retail prices index (RPI) remained unchanged at 2.6%.

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