UK inflation falls to 3.9% in November

Figures on Wednesday showed core inflation, which excludes energy and food prices, rose by 5.1 per cent in the year to November, compared with 5.7 per cent in the previous month. Core inflation, which excludes energy and food prices, rose by 5.1 per cent in the year to November, compared with 5.7 per cent in the previous month, the ONS said. Meanwhile, the yield on rate-sensitive two-year gilts dropped 0.17 percentage points to 4.12 per cent, the lowest since late May. “Looking ahead, CPI inflation looks set to continue to fall more quickly than the MPC predicted in November,” he added. London was the UK region with the biggest contraction of 3.6 per cent, the largest fall since August 2009.