Inflation falls to its lowest annual rate since March

INFLATION fell sharply last month as lower food prices helped to ease the cost of living for households across the UK, new official figures showed.

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The rate of Consumer Prices Index (CPI) inflation fell to 3.2% in November, from 3.6% in October, the Office for National Statistics (ONS) said.

This marks the lowest CPI rate since March this year and a bigger drop than the 3.5% that most economists were expecting for the month.