'Black Friday effect' and Covid-19 restrictions plunge inflation to 0.3%
ONS data for November
Laith Khalaf, financial analyst at AJ Bell, attributed the fall to the “Black Friday effect"
UK Covid-19 restrictions in place throughout November pushed the country’s CPI inflation rate down to 0.3% from 0.7% in the previous month, according to data from the Office for National Statistics.
The CPIH 12-month rate, which includes owner occupiers' housing costs, also fell to 0.6% in November, down from 0.9% in October. BoE increases QE to £875bn but avoids negative interest rates Falling...
More on Economics
Back to Top
