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

ONS data for November

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

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...

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