UK CPI inflation softens to 3.9% in November

According to the latest data released by the Office for National Statistics (ONS), the United Kingdom’s Consumer Price Index (CPI) recorded a 3.9% year-on-year increase in November. This figure represents a slight deceleration from the 4.6% rise observed in October, and it falls below market expectations of a 4.4% acceleration.

The Core CPI, which excludes volatile food and energy items, grew by 5.1% year-on-year in November. This marks a moderation from the 5.7% growth registered in October and is below the anticipated 5.6%.

On a monthly basis, the UK Consumer Price Index experienced a 0.2% decline in November, contrasting with the expected 0.1% increase and October’s flat reading of 0%.