Falling oil price causes CPI inflation to drop to 2.3% in November

Affecting petrol prices

Laura Dew
Inflation from 2.4% to 2.3% in November

Inflation from 2.4% to 2.3% in November

UK inflation fell from 2.4% to 2.3% in November, meeting economist expectations, according to the latest figures from the Office for National Statistics (ONS).

The Consumer Price Index (CPI) fell to 2.3% in November as a result of downward pressure from petrol prices, which fell by 2.6 pence per litre between October and November 2018. CPI had previous...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Investment

The fund will close on 13 September

abrdn shutters Eastern European fund

43% of assets in Russia

Kathleen Gallagher
clock 18 August 2022 • 1 min read
Investors pulled £2.7bn from equity strategies

Flows into sustainable strategies slow as equities continue to suffer

Follows 62% drop in Q2

clock 17 August 2022 • 2 min read
Lindsell Train's Nick Train

Nick Train doubles down on Finsbury Growth & Income's worst performer

Sticking to Fever-Tree ‘makes sense’

clock 15 August 2022 • 2 min read