UK inflation slowed to 3.9% in November the lowest rate in two years

Annual CPI and core inflation rate, %

CPI

Core inflation -

CPI excl energy, food and alcohol and tobacco

12%

10

8

6

Bank of England’s

target rate 2%

4

November, 2023

CPI 3.9%

2

0

2019

2020

2021

2022

2023

Annual CPI and core inflation rate, %

CPI

Core inflation - CPI excl energy, food and alcohol and tobacco

12%

10

8

6

4

November, 2023 CPI 3.9%

2

Bank of England’s target rate 2%

0

2019

2020

2021

2022

2023

Annual CPI and core inflation rate, %

CPI

Core inflation - CPI excl energy, food and alcohol and tobacco

12%

10

8

6

4

November, 2023 CPI 3.9%

2

Bank of England’s target rate 2%

0

2019

2020

2021

2022

2023