- December 19, 2023
- Posted by: legaleseblogger
- Category: Related News
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## The Impact of Slowdown in Inflation Rate
### By Sarah Taaffe-Maguire, Business reporter [@taaffems](https://twitter.com/@taaffems)
#### Published on Wednesday 20 December 2023 07:10, UK
The rate of price rises significantly slowed again in November, official figures show. Inflation stood at 3.9% last month, according to the Office for National Statistics (ONS), a dramatic fall from the 4.6% recorded a month earlier. Economists polled by Reuters had forecast a fall to 4.4%. But the decrease is less steep than the drop from September when the consumer price index (CPI) measure of inflation tumbled from 6.7%.
The figures published on Wednesday morning is still just under double the 2% inflation target aimed for by policymakers at the Bank of England. Such highs are why the central bank said it is too early to talk about cutting interest rates which have made the cost of borrowing more expensive in an attempt to bring inflation down.
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