UK inflation slowed more-than-expected in November due to falling clothing prices, data published by the Office for National Statistics showed on Wednesday.
Consumer price inflation weakened to a three-month low of 0.3 percent from 0.7 percent in October. The rate was well below the economists' forecast of 0.6 percent and the central bank's 2 percent target. "The price fall in November this year reflects increased discounting and there have been media reports that some Black Friday sales may have spread further across the month," the ONS said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.