Forecast-beating drop in November takes rate to lowest level in more than two yearsDrop in inflation welcome but does not erase two years of painBusiness live – latest newsBritain’s two-year cost of living crisis eased last month as cheaper petrol and less expensive food helped send the annual inflation rate sharply lower to 3.9% – its second big monthly fall in succession.In a much bigger decline than had been anticipated by economists, the annual rate of price rises fell from 4.6% in October to its lowest level since September 2021. Continue reading...