Lower prices for petrol and diesel last month led to a drop in UK inflation, but overall price rises remain close to a 40-year high.
The annual rate of consumer price inflation fell to 10.7% in November 2022 from 11.1% in October, according to the latest report from the Office for National Statistics (ONS).
Overall, petrol and diesel prices rose by 17.2% in the year to November, down from 22.2% in the year to October.
Although fuel prices came down from record highs, this was partially offset by rising prices in restaurants, cafes and pubs, especially for alcoholic drinks.
Grocery prices also continued to rise, with annual food inflation up slightly to 16.5% — the highest rate for 45 years — from 16.4% in October.
Energy and food costs remained the main drivers of inflation, the ONS said.
Responding to the ONS figures, Chancellor Jeremy Hunt said: “Getting inflation down so people’s wages go further is my top priority, which is why we are holding down energy bills this winter through our energy price guarantee scheme and implementing a plan to help halve inflation next year.
“I know it is tough for many right now but it is vital that we take the tough decisions needed to tackle inflation — the number one enemy that makes everyone poorer.”
