CPI index confirms monthly drop to 3.2% in November

17 December 2025

Commenting, Kris Brewster, Director of Retail Banking at LHV Bank, said:

“Let’s hope today’s fall, building on the drop in October shows the Bank of England finally getting inflation under control. Missing the inflation target for well over a year isn’t a technical detail. It’s a real cost felt by hardworking people whose wages still haven’t caught up. Many people are still struggling with day-to-day living costs and although inflation has been on a downward trajectory since the 11% high in October 2022 it is still too far off the pace.

“With Christmas just one week away and spending up ahead of the festivities, consumers will be more than aware prices at the tills have been high this year. Budgeting carefully and taking greater control over your personal finances by switching to high-interest current and savings accounts are among the only tools left to offset the squeeze.

“With competition on rates heating up in the savings and current account markets it always makes sense to shop around and make your money work harder. The markets are projecting a cut of 0.25% from the MPC tomorrow, never good news for savers, but the Bank of England’s track record for caution suggests this is certainly not a sure thing.”