logo
logo
  • Home
  • About Tripura
    • Tripura
    • Governon
    • Chief Minister
    • Council of Ministers
  • Tripura
  • National
  • International
  • Lifestyle
  • Spotlight
  • Sports
  • Jobs/Tender
  • Photo Album

UK's inflation rate drops to 3.9 pct, lowest in more than 2 years

By IBNS
Dec 20, 2023..

The British government's inflation rate has dropped sharply to touch the lowest level figure of 3.9 percent, as per official data released on Wednesday (December 20, 2023).


Data showed the inflation dropped banking on falling petrol prices.

In November, the Consumer Prices Index touched 3.9 percent.

It stood at 4.6 percent in October.

"The Consumer Prices Index (CPI) rose by 3.9% in the 12 months to November 2023, down from 4.6% in October and down from a recent peak of 11.1% in October 2022. Our indicative modelled consumer price inflation estimates suggest that the October 2022 peak was the highest rate in over 40 years (the CPI National Statistic series begins in January 1997). The annual rate in November 2023 was the lowest since September 2021," read an official statement.

Finance minister Jeremy Hunt welcomed the development and posted on X: "Inflation has more than halved, from over 11% to 3.9% - so we can see the plan is working."

"With inflationary pressures easing, alongside the major business tax cuts I announced in the autumn statement, we are back on the path to healthy sustainable growth," he said.

Leave a Reply
Post comment
Related News
Pakistan security forces 'abduct' two youths from Balochistan
Jul 21, 2025..
Bangladesh: Air Force training jet crashes into school in Dhaka, 19 dead
Jul 21, 2025..
Bangladesh Air Force plane crashes into school in Dhaka, one killed
Jul 21, 2025..
Donald Trump targets Obama, shares fake video showing FBI agents arresting him
Jul 21, 2025..
Pakistan: Quetta blast leaves security official dead
Jul 20, 2025..
Newsletter

Subscribe For Northeast Herald News And Receive Daily Updates

logo

Northeast Herald starts its journey from Tripura state capital city Agartala to cover the entire Northeast region of India for the latest news, news photos, and the latest photos to promote the great cultural, historical and traditional identity of the region.

  • Twitter Icon
  • About Tripura
  • About Northeast
  • National News
  • Tripura News
  • International
  • Entertainment
  • Spot Light
  • Article Us
  • Health
  • Lifestyle
  • Top News
  • Sports
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookies Policy
  • Code of Ethic
  • Site Map
  • Rss Feeds

Copyright © Northeast Herald. All Rights Reserved