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Drop in November annual rate adds to case for Bank of England cut to interest rates on Thursday
UK inflation fell by more than expected in November amid a slowdown in food prices, official figures show, strengthening the case for the Bank of England to cut interest rates on Thursday.
In a crunch week for the economy, the Office for National Statistics said the rate as measured by the consumer prices index eased to 3.2% last month from a reading of 3.6% in October. City economists had forecast a modest drop to 3.5%.
Source: www.theguardian.com
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