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UK annual inflation slows to 2.3% in November

Petrol prices dipped in the UK last month due to the falling cost of crude oil on world markets
Petrol prices dipped in the UK last month due to the falling cost of crude oil on world markets

UK annual inflation slowed in November, partly due to falling motor fuel prices, official data showed today. 

The UK's consumer price index rose by 2.3%, its slowest increase since the start of 2017, the Office for National Statistics (ONS) said in a statement. 

That was in line with market expectations and compared with 2.4% in October. 

"The largest downward contributions came from falls in petrol prices and across a variety of recreational and cultural goods and services, principally games, toys and hobbies, and cultural services," the ONS said in a statement.

Petrol prices dipped due to the falling cost of crude oil on world markets.