{"id":353575,"date":"2025-12-17T09:22:08","date_gmt":"2025-12-17T09:22:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/353575\/"},"modified":"2025-12-17T09:22:08","modified_gmt":"2025-12-17T09:22:08","slug":"food-prices-help-drive-uk-inflation-to-lowest-rate-in-eight-months","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/353575\/","title":{"rendered":"Food prices help drive UK inflation to lowest rate in eight months"},"content":{"rendered":"

Lower clothing and food prices help inflation fall by more than expectedpublished at 09:05 GMT<\/p>\n

09:05 GMT<\/p>\n

\"AImage source, EPA\/Shutterstock<\/p>\n

The UK’s inflation rate has fallen to 3.2% for the period covering the 12 months to November.<\/p>\n

The size of the drop, announced by the Office for National Statistics this morning, was larger than expected and has been welcomed by both the chancellor<\/a> and the prime minister<\/a>.<\/p>\n

“Good news: inflation has fallen to the lowest in 8 months,” Keir Starmer wrote on X – with the drop cementing a downward trend away from a peak that had been seen earlier this year.<\/p>\n

Although the inflation rate has eased, it doesn’t mean overall prices are reducing – just that they are rising less quickly.<\/p>\n

It was recent falls in food, alcohol, and clothing prices that largely contributed to the lower rate<\/a>, the ONS said.<\/p>\n

Responding to this morning’s announcement, Rachel Reeves stressed that there is “more to do” as she reiterated measures the government introduced in last month’s Budget.<\/p>\n

Speaking for the Conservatives, shadow chancellor Mel Stride pointed out that the 3.2% figure remains higher than the Bank of England’s 2% target.<\/p>\n

“With unemployment rising and the economy shrinking, families are paying the price for Labour\u2019s bad choices,” he said.<\/p>\n

Nonetheless, this leaves open the chance of an interest rate cut when the Bank of England announces its latest decision tomorrow, writes economics editor Faisal Islam.<\/a><\/p>\n

We’ll be closing our live page for the day, but you can read more in our story<\/a> about how food prices helped inflation fall by more than expected.<\/p>\n

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