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International Business Times
International Business Times
Business
Roland JACKSON

UK Inflation Hits Lowest Level In More Than Two Years

UK inflation slowed to 3.9 percent in November, pulled down by a drop in petrol prices (Credit: AFP)

British inflation has slowed sharply to the lowest level in more than two years on falling petrol prices, official data showed Wednesday, easing a cost-of-living crisis after aggressive interest-rate hikes.

The Consumer Prices Index hit 3.9 percent in November from 4.6 percent in the previous month, attaining the weakest rate since September 2021, the Office of National Statistics said.

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