UK inflation drops to surprise 12-year low

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UK CPI inflation fell further than expected in November to its lowest level since 2002, according to the Office for National Statistics (ONS).

The ONS said today that CPI inflation fell from 1.3% in October to 1% in November, a 12-year low. Economists had expected a drop to 1.2%. The statistics agency hinted that the falling oil price ...

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