UK inflation falls as virus restrictions tighten
- 16 Dec 2020
Picture used for illustrative purpose. File
Gulf Today Report
In November, Britains’ inflation rate declined drastically as tighter restrictions imposed led to price reduction for clothes and food, indicated official data.
According to the National Statistics, the UK’s Consumers Prices Index reduced by 0.3 per cent in November from 0.7 per cent in October.
READ MORE
Gold advance as investors await Fed policy
Oil prices fall as US inventory gain
Markets gain on stimulus hopes, vaccine progress
Analysts’ prediction has reduced inflation to 0.6 per cent.
ONS statistician Jonathan Athow said, "with significant restrictions in place across the UK, inflation slowed, predominantly due to clothing and food prices."
