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The Independent UK
The Independent UK
National
Holly Williams

Inflation drop signals prices have passed their peak, but cost pressures remain

Inflation Office for National Statistics
PA Wire

Hopes have mounted that the worst of the cost crisis is now behind us as official figures showed UK inflation eased back last month, but households remained under pressure due to sky-high food and energy bills.

The Office for National Statistics (ONS) said the rate of Consumer Prices Index (CPI) inflation fell by more than expected to 10.7% in November, from 11.1% in October – the biggest drop for 16 months.

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