Inflation in the UK has dropped to 3.9%, surpassing expectations of a slowdown to 4.3%. Month-on-month prices fell, with inflation at -0.2%. The core inflation also decreased to 5.1% from 5.7%. Various officials and experts have attributed the decrease to the government's efforts, particularly in fuel prices. The government has expressed optimism, citing the significant drop in inflation from over 11% to 3.9% as evidence of the plan's success. The Chancellor and the Conservative Party have highlighted the impact of major tax cuts on the reduction of inflation. The news has been described as a 'little bit of festive cheer' and an early Christmas present. The lower fuel prices and easing food costs have contributed to the decline in the Consumer Price Index (CPI). The Office for National Statistics has also reported that the pace of price rises has slowed dramatically. The drop in inflation is seen as good news for consumers and the economy, with expectations of healthy sustainable growth.
JUST IN: 🇯🇵 Japan's annual inflation rate falls to 2.8% in November, the lowest in 16 months.
Japan Nov CPI inflation slowed to 2.8%yoy from 3.3% Core (ex food and energy) unchanged at 2.7%yoy (Goldman Sachs chart) https://t.co/BThtOTDGVG
Japan’s inflation showed clearer signs of cooling in November, providing backing for the central bank’s view that price growth will weaken for the time being https://t.co/6AenQUF4fU
🔴 JAPAN'S NOVEMBER CORE CPI INCREASES AT SLOWEST ANNUAL PACE SINCE JULY 2022
⚠️ JAPAN NOV CORE CPI RISES 2.5% YR/YR Full Story → https://t.co/MOKQuMXMvw https://t.co/9V33bL7aUf
🔴 JAPAN NOVEMBER NATIONWIDE OVERALL CPI UP 2.8% YEAR ON YEAR - GOVERNMENT
🔴 JAPAN NOVEMBER CORE CONSUMER PRICES INCREASE 2.5% YEAR ON YEAR
🔴 ⚠️ BREAKING: JAPANESE CPI OVERALL NATIONWIDE ACTUAL 2.8% (FORECAST 2.8%, PREVIOUS 3.3%) $MACRO
🇯🇵 Japan National CPI (YoY) (Nov) $JPY Actual: 2.8% Previous: 3.3%
This administration is committed to bringing down high prices that hurt working families, and the results are clear. Gas prices are down almost $2 from their peak and grocery inflation is at its lowest level in two years. More work ahead! https://t.co/nziFmBxgEq
Petrol prices fell to their LOWEST level in two years this week ⛽ 💷 This follows our work with @CMAgovuk encouraging retailers to share fuel price data. It’s one way we’re encouraging competition and helping motorists save money. Find out more: https://t.co/5gXSrxuofY https://t.co/PfOovinARS
Today inflation is down to 3.9%, its lowest rate in 2 years. A big factor is the fall in fuel prices. The AA has credited our work to bring competition back as causing prices to fall at twice the speed as before. ⛽️👇🏾 https://t.co/YsHsFmPF8D
Today inflation is down to 3.9%, its lowest rate in 2 years. A big factor is the fall in fuel prices. The AA has credited our work to bring competition back as causing prices to fall at twice the speed as before. ⛽️https://t.co/IaGaaY401f
V good news to see inflation falling and especially prices at the petrol/diesel pump coming down There’s been some very good work from @CMAgovUK & @energygovuk’s @ClaireCoutinho on ⛽️ especially >>> https://t.co/JSrI7u9wR5 https://t.co/O7dmOjgBwS
Inflation down. Unemployment down to historic lows. Working to get debt down. The facts speak for themselves. This government is delivering. Introducing the biggest tax cuts package since the 80s, supporting people with a cost of living package & working to grow our economy. https://t.co/bpBlgqx7X2
Good news - Inflation has more than halved, from over 11% to 3.9% so we can see the government’s plan is working. With inflationary pressures easing, alongside the major business tax cuts announced in the autumn statement, we are back on the path to healthy sustainable growth. https://t.co/AjbKlWx4EZ
📉 Lower fuel prices and easing food costs helped CPI drop to 3.9pc in November. A chief economist at the ONS described the reading as “good news”, with a broad easing in price rises reflected in “lower inflation across the board” Read more ⤵️ https://t.co/dLOg5NKaxD
The pace of price rises has slowed dramatically. Happy Christmas. Writes ITV News Economics Editor @ITVJoel as he explains how inflation has dropped https://t.co/x8f7iXSVeE
Actually the Christmas present is that prices have fallen in November - not just risen more slowly. There is real good news in today's inflation stats, after a truly terrible few years on the prices front https://t.co/B6jydMDpAx https://t.co/Hs2XtRBON3
The plan is working. Inflation has more than halved, from over 11% when @RishiSunak first became Prime Minister to under 4% now. Alongside the major tax cuts @Jeremy_Hunt announced, we are back on the path to growth. https://t.co/hCvOjodWgh
NEWS - Inflation falls to 3.9% "Once you do the hard work to squeeze inflation out of the system, you can start looking forward to the kind of growth that will see people's wages go up". Chancellor @Jeremy_Hunt on today's fall in inflation. https://t.co/Sg1VDhLcbW
A year ago inflation was at 11.1%. Today, it’s down to 3.9%. This is good news for everyone in this country. https://t.co/jIN3TugHlB
Inflation has fallen further than expected to 3.9 per cent, official figures released by the Office for National Statistics 📉 @gracegausden93 looks at what it means for your money https://t.co/vYvL5pxTQT
Fantastic news and an early Christmas present 🎁 Inflation has now more than halved we are well on track 📉 https://t.co/QsJeLkI6a2
"It's a little bit of festive cheer." Times Money Mentor's editor-at-large explains the implications for consumers as inflation drops (3.9%) to its lowest level in more than two years. #TalkTV https://t.co/WVBVwSDrju
Fantastic news as inflation drops significantly since October. The effect of hard work from Govt and particularly @ClaireCoutinho’s competition and transparency efforts on fuel prices. https://t.co/AXOKtF9OsU
Inflation has more than halved, from over 11% to 3.9% - so we can see the plan is working. With inflationary pressures easing, alongside the major business tax cuts I announced in the autumn statement, we are back on the path to healthy sustainable growth https://t.co/i9gWCS33hp
🚨 Inflation is down to 3.9% this month, beating expectations. 🔓 Become a GB News Member: https://t.co/mNsRsGC8ef https://t.co/lomUdQnHqR
Work and pensions secretary @MelJStride MP says the UK is 'beginning to turn the corner' on inflation, after figures revealed that the rate fell to 3.9% in November. Latest 🔗 https://t.co/q0C8greNNm 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/xoli6VwrTR
Inflation drops far faster than expected, from 4.6% to 3.9%. Expectations were a slowdown to 4.3%. Month on month prices actually fell, inflation was -0.2%. Core down fast, too, at 5.1% from 5.7%