In the UK, inflation fell to 3.9% during the crisis. Inflation in Britain fell to 3.9% during the crisis. Last month, thanks to cheaper petrol and food, inflation was recorded, which is the second consecutive monthly decline, Chancellor Jeremy Hunt said. We will continue to prioritize measures that help with the cost of living pressures.
According to details, Britain's two-year cost-of-living crisis eased last month as cheaper petrol and less expensive food helped send the annual inflation rate down sharply to 3.9%. This is the second major monthly decline in a row.
The annual rate of price increase eased from 4.6 percent in October to its lowest level since September 2021. However, Chancellor Jeremy Hunt has said that with inflation more than halving, we are starting to take inflationary pressures out of the economy but many families are still struggling with high prices so we would prefer such measures. will remain that help with the cost of living pressures.
Office for National Statistics ONS chief economist, Grant Fitzner, said inflation fell back to its lowest annual rate for two years, but prices remained significantly higher than before the invasion of Ukraine.
The Office for National Statistics (ONS) said cheaper fuel was the main reason for the drop in headline rates below 4% in November, with the average monthly petrol price falling by four pence a liter.
