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UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut

UK inflation fell to 3.2% in November, the lowest in eight months, increasing chances of an interest rate cut by the Bank of England at its upcoming meeting.

  • The U.K.'s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on Thursday.
  • Core inflation, excluding energy, food, alcohol, and tobacco, also rose by 3.2% in the year to November, down from 3.4% in October.
  • Growth in the U.K. remains stubbornly low, with the economy eking out only a 0.1% expansion in the third quarter, according to the most recent data.
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Daily Mirror broke the news in London, United Kingdom on Wednesday, December 17, 2025.
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