UK inflation falls to 10.7% but cost of living pressures remain

CPI is down to 10.7% from last month’s 41-year-high of 11.1%

inflation
(Image credit: © Getty Images)

Inflation has begun to ease in the UK, driven down mostly by falls in the price of petrol and second-hand cars, the Office for National Statistics’ latest data showed.

While inflation is still close to a 40-year high, the consumer prices index (CPI) rose by 10.7% in the 12 months to November, down from 11.1% in October.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.