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Daily Mirror
Daily Mirror
Business
Levi Winchester

Inflation dips slightly to 10.7% but remains near 40-year high - what it means for you

Inflation Office for National Statistics Bank of England Interest Rates

UK inflation eased slightly to 10.7% in the 12 months to November but remains close to its highest level in 40 years.

Consumer Price Index (CPI) inflation is down from 11.1% the previous month in October - the highest rate in 41-years - when energy bills shot up again.

Crucially, this doesn't mean prices are falling - it just means they are rising at a marginally lower rate.

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