The rate of inflation in the UK has dropped slightly, to 10.7 percent from the 11.1 percent recorded in October.
However, the rate still remains high - and close to October's 41-year-record. Some experts might declare that the worst of the cost of living crisis has passed, but all the interest rate fall means is that prices are rising at a marginally lower rate than before - not that prices themselves are falling.
It has come as little relief for households and businesses, who are still facing eye-watering prices across the board.
