UK consumer price inflation slowed in November to its lowest level in twenty months, in line with economists' expectations, helped by falling petrol prices.
The consumer price index rose 2.3 percent year-on-year following a 2.4 percent increase in October, data from the Office for National Statistics showed on Wednesday. The latest inflation rate was the lowest since March 2017, when inflation was at the same level.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.