UK inflation fell in November-Report
2022.12.14 02:27
UK inflation fell in November-Report
Budrigannews.com – The Bank of England was under less pressure to keep raising interest rates in the midst of a recession after U.K. inflation fell more than expected in November.
The adjustment of regulated household energy prices led to a month-over-month increase of 0.4 percent, a decrease from the alarming 2.0 percent in October. Experts had expected an increment of 0.6% early.
As a result, the rate decreased from 11.1% to 10.7%.
More Inflation in India fell sharply in November
When volatile fuel and energy components are removed, the rate also decreased more than anticipated, rising only 0.3 percent rather than the predicted 0.5 percent. It is now running at 6.3% on an annual basis, down from 6.5% last month.
The figures are released just a few hours before the is scheduled to make its most recent policy decisions.
