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UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut
Consumer price inflation fell to 3.2% in November, the lowest in eight months, led by declines in food, clothing, and services, increasing chances of a Bank of England rate cut.
- The U.K.'s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on Thursday.
- Core inflation, excluding energy, food, alcohol, and tobacco, also rose by 3.2% in the year to November, down from 3.4% in October.
- Growth in the U.K. remains stubbornly low, with the economy eking out only a 0.1% expansion in the third quarter, according to the most recent data.
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The Sanford HeraldReposted by 
Doniphan Herald
Doniphan HeraldStocks gain as traders bet on interest rate moves
London's stock market rallied Wednesday as the pound faltered on expectations of cuts to Bank of England interest rates, after data showed UK inflation falling faster than forecast.
·Sanford, United States
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Annual inflation in the UK fell to 3.2% in November from 3.6% in October, below both market expectations and the Bank of England's forecast, and the lowest level in eight months.
·Belgrade, Serbia
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Coverage Details
Total News Sources50
Leaning Left6Leaning Right8Center9Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 26%
C 39%
R 35%
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