December 18, 2018
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Petrol pumpImage copyrightPA

The UK inflation rate fell slightly to 2.3% in November, from 2.4% the previous month, driven mainly by a big fall in petrol prices.

The Consumer Prices Index (CPI) figure for the month was the lowest since March 2017, according to the Office for National Statistics (ONS).

Video games prices also fell, but those declines were partly offset by a rise in tobacco prices.

The inflation figure was in line with analysts’ expectations.

ONS head of inflation Mike Hardie said: “Inflation was little changed as falling petrol prices, thanks to a substantial drop in the cost of crude oil, were offset by rises in tobacco prices following the duty changes announced in the Budget.”

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