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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

What does the surprise drop in UK inflation mean for you?

Inflation United Kingdom Office for National Statistics
shopper with basket looking at supermarket shelves
While UK inflation has fallen, many items are still much more costly than a year ago, such as sugar up by 40.4% and olive oil by 53.9%. Photograph: Tolga Akmen/EPA

The UK’s inflation rate fell to 3.9% in November – a larger drop than economists had anticipated.

What does the inflation rate mean?

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