London, Dec 20 (PTI) British Prime Minister Rishi Sunak on Wednesday welcomed the “good news” of falling prices ahead of the Christmas holiday period as official statistics revealed that inflation had dropped to 3.9 percent, hitting the lowest level for the economy over two years.
It comes as some much-needed festive cheer for the British Indian leader who had made halving inflation one of his top priorities at the start of the year when it was hovering around the 11 percent mark.
According to the Office for National Statistics (ONS), inflation – or the rate at which prices are rising in the UK economy – dropped from 4.6 percent last month and is now under double the 2 percent target aimed for by policymakers at the Bank of England.
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