Inflation in Britain slowed to a 20-month low in November

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Consumer prices in the UK rose in November at the lowest rate since March 2017. As shown by the data from the Office for National Statistics, their growth compared with November of last year was 2.3%, confirming analysts' forecasts. In October, inflation was at 2.4%. Compared with October, consumer prices increased by 0.2%, which is also in line with forecasts. The increase in the base rate by the Bank of England in August contributed to a slowdown in inflation, which since January last year has exceeded the target level of the British Central Bank by 2%. Excluding the price of food, alcohol and tobacco products, consumer prices rose by 1.8% in annual terms at a slower pace than growth by 1.9% in October.

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