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UK inflation eased in November, with both headline and core measures slowing as food, alcohol and tobacco prices fell, according to figures published on Wednesday by the Office for National Statistics. The consumer prices index including owner occupiers’ housing costs, or CPIH, rose by 3.5% in the 12 months to November, down from 3.8% in October. On a month-on-month basis, CPIH fell by 0.1% in November, compared with a rise of 0.2% in the same month last year. Headline consumer prices index inflation also eased. CPI rose by 3.2% year-on-year in November, down from 3.6% in October. The figure came bellow the FXStreet-cited consensus of 3.5%. Monthly CPI fell by 0.2%, compared with a 0.1% increase a year earlier. The ONS said food and non-alcoholic beverages, along with alcohol and tobacco, made the largest downward contributions to the monthly change in both CPIH and CPI annual rates. The inflation rate for food and non-alcoholic beverages decelerated to 4.2% on-year in November from 4.9% in October. Monthly, prices for food and non-alcoholic beverages fell 0.2% in November, compared to a 0.5% increase in November 2024. Underlying inflation pressures also softened. Core CPIH, which excludes energy, food, alcohol and tobacco, rose by 3.5% in the year to November, easing from 3.7% in October. Within this, goods inflation slowed more sharply, with the annual CPIH goods rate falling to 2.1% from 2.6%, while services inflation edged down slightly to 4.5% from 4.6%. Similarly, core CPI inflation slowed to 3.2% from 3.4%. The CPI goods annual rate also eased to 2.1% from 2.6%, while CPI services inflation dipped to 4.4% from 4.5%. A separate ONS release showed a mixed picture for UK producer price inflation in November, with input cost pressures picking up slightly while factory gate price inflation continued to ease. Producer input prices rose by 1.1% in the year to November 2025, accelerating from a 0.8% increase in October, which was revised up from 0.5%. On a monthly basis, input prices were up 0.3%. Producer output prices, which measure factory gate inflation, rose by 0.1% on the month in November but eased on an annual basis. The annual rate of import price inflation rose to 1.3% in November, the ONS said. The retail prices index also eased, with RPI inflation slowing to 3.8% year-on-year in November from 4.3% in October. The BoE’s next monetary policy decision is due on Thursday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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