'Black Friday effect' and Covid-19 restrictions plunge inflation to 0.3%

ONS data for November

Mike Sheen
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Laith Khalaf, financial analyst at AJ Bell, attributed the fall to the “Black Friday effect"
Image:

Laith Khalaf, financial analyst at AJ Bell, attributed the fall to the “Black Friday effect"

UK Covid-19 restrictions in place throughout November pushed the country’s CPI inflation rate down to 0.3% from 0.7% in the previous month, according to data from the Office for National Statistics.

The CPIH 12-month rate, which includes owner occupiers' housing costs, also fell to 0.6% in November, down from 0.9% in October. Falling prices for clothing, and food and non-alcoholic beverages made...

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