UK Inflation Falls to 3.2%, Boosting Expectations of Christmas Rate Cut
TL;DR Summary
UK inflation fell to 3.2% in November, driven by lower clothing, food, and other prices, surpassing expectations and raising hopes of peaking inflation, which may lead to further interest rate cuts; however, some prices like beef and coffee continue to rise, and the overall cost of living remains high for many households.
- UK inflation dips by more than expected to 3.2% BBC
- Sterling tumbles as declining inflation cements BoE cut bets Reuters
- Inflation drop makes Bank of England early Christmas present to Reeves almost a certainty The Guardian
- UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut CNBC
- Surprise Inflation Present Bloomberg.com
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