A Christmas miracle? Inflation slows to 3.9%

The rate of inflation has dropped again - does this mean an interest rate cut is coming?

Young woman shopping vegetables in supermarket
(Image credit: Oscar Wong)

Inflation has fallen to its lowest level for more than two years, raising hopes of an interest rate cut early in the new year.

Office for National Statistics data released this morning shows the rate of inflation slowed to 3.9% in the 12 months to November.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.