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UK Inflation Falls to 3.2%, Boosting Expectations of Christmas Rate Cut

Originally Published 26 days ago — by BBC

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Source: BBC

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.