UK inflation falls far more than expected, lowest since September 2021

December 20, 2023 Thomson Reuters

The annual rate of consumer price increases fell to 3.9% from 4.6% in October

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The pound shed almost half a cent against the US dollar, falling from $1.271 to $1.266

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Core inflation also cooled by an unexpectedly large amount, falling to 5.1% from 5.7%

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The rate of services inflation - closely watched by the Bank of England - fell to 6.3% from 6.6%

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