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UK Inflation Drops to 3.2%, Rate Cut Expected

12/17/2025

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Summary

Story summary

UK inflation fell to 3.2% in November, the lowest in eight months, according to the Office for National Statistics.
The drop was mainly driven by lower food prices, which fell from 4.9% to 4.2%.
Tobacco prices and women's clothing costs also contributed to the easing.
Core inflation declined from 3.4% to 3.2%.
Economists expect the Bank of England to cut the base rate from 4% to 3.75% in response.

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Story summary

UK inflation fell to 3.2% in November, the lowest in eight months, according to the Office for National Statistics.
The drop was mainly driven by lower food prices, which fell from 4.9% to 4.2%.
Tobacco prices and women's clothing costs also contributed to the easing.
Core inflation declined from 3.4% to 3.2%.
Economists expect the Bank of England to cut the base rate from 4% to 3.75% in response.