The rate of inflation eased to 10.7% from 11.1% last month, according to official figures showing that food and the cost of a night out continue to rise in price ahead of Christmas.
The Office for National Statistics (ONS) said falling motor fuel prices led the decline in the core consumer prices index (CPI) measure of inflation.
It reflected falling oil costs and a meaningful recovery in the value of the pound versus the dollar on which oil costs are pegged.
Overall, fuel prices rose by 17.2% in the year to November – down from 22.2% in the year to October, the ONS said.
It reported that the largest upwards contribution to the inflation number last month came from rising prices in restaurants, hotels, cafes and pubs – led by alcoholic drinks.
The ONS added that the annual rate of inflation in this particular sector of hospitality was running at its highest level since 1991, at 10.2%.
The overall CPI rate came in lower than economists had expected.
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Many suggested we may now be past the peak, which was running at a 41-year high in October.
The cost of living crisis, however, shows little sign of easing up in any substantial way given that household energy bills are running at record levels, despite government support, amid the first cold snap of the 2022/23 winter.
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The ONS said energy and food costs remained the main drivers of inflation, with food running at an annual rate of 16.4%.
Image: Food inflation was running at 16.4% last month ahead of the core Christmas season
The Bank of England is widely expected by economists to add to the bills of borrowers on Thursday by raising Bank rate again as part of its battle against inflation.
A hike of at least 0.5 percentage points is forecast by the bulk of experts as policymakers across the West continue to bear down on the price threats posed to their economies from Russia’s war in Ukraine.
The invasion in February exacerbated the rising tide of price rises caused by economies reopening after COVID disruption, as many commodities, including food staples, widely produced in both countries soared in cost.
The cost of manufacturing goods has added to the bills substantially too because of Russia’s historic role in supplying oil and gas – now reduced to a trickle in comparison amid sanctions regimes.
The Bank of England can do nothing to bear down on these prices, but it can act to take demand out of the economy – helping prices fall back – through Bank rate increases.
It believes that the country is already in the grip of a recession, defined by two consecutive quarters of negative growth.
A contraction in the third quarter of the year – July to September – is expected to be followed by a further dip in the current October to December quarter.
Chancellor Jeremy Hunt responded to the ONS price figures by declaring inflation as “the number one enemy”.
He said: “The aftershocks of COVID-19 and (Vladimir) Putin’s weaponisation of gas mean high inflation is plaguing economies across Europe and I know families and businesses are struggling here in the UK.
“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.
“If we make the wrong choices now, high prices will persist and prolong the pain for millions.”
A man has been found guilty of murdering a 14-year-old boy with a samurai sword as he walked to school in east London.
Marcus Arduini Monzo, 37, nearly decapitated Daniel Anjorin and attacked five others during a 20-minute rampage in Hainault on 30 April last year.
Prosecutors said he skinned and deboned his pet cat Wizard before trying “to kill as many people as he could” while under the influence of cannabis.
Monzo, a Spanish-Brazilian national from Newham in east London, admitted two charges of possessing an offensive weapon relating to two swords, which he said he bought for display purposes.
He claimed he had no memory of carrying out the attacks denied Daniel’s murder along with four charges of attempted murder, wounding with intent, aggravated burglary and possession of a bladed article.
He was cleared of one count of attempted murder – instead found guilty of wounding with intent to cause grievous bodily harm – and convicted of all other charges following a trial at the Old Bailey.
Image: Daniel Anjorin, 14, died in April last year. Pic: Metropolitan Police
The court heard Monzo was a “talented martial artist” and the jury was shown footage of him unboxing a samurai sword on 4 April last year.
In the four-minute video clip, he calls the weapon “freaking sexy” as he lunges towards the camera and makes different moves.
Image: Marcus Monzo with a samurai sword in footage shown during the trial
The court was also shown CCTV footage from the morning of 30 April, with audible screams in one clip as Monzo drove his grey Ford Transit van at speed into pedestrian Donato Iwule.
Mr Iwule told jurors: “I thought I was dying” and “I saw blood coming out of my neck”, after he was struck with a sword before running away.
Witnesses described how Monzo was running around “like a maniac” and “looked a bit mad, like there was nothing there”.
Daniel, who had left home at around 7am wearing headphones and school sports clothes, suffered “a near-decapitation” when Monzo attacked him with the weapon from behind, prosecutor Tom Little KC told the jury.
Image: Monzo was tasered by police. Pic: PA
PC Yasmin Mechem-Whitfield chased the armed attacker through alleyways before Monzo struck her three times with the 60cm blade using “extreme force”, the court heard.
He then entered a nearby house through the back door and walked upstairs before attacking sleeping couple Sindy Arias and Henry De Los Rios Polania, who he asked: “Do you believe in God?”
Mr Little said their lives were only spared because their four-year-old daughter, who was sleeping nearby, woke up and started to cry.
Monzo, who had been cornered by police, also struck Inspector Moloy Campbell once with the sword before he was finally disarmed and arrested after trying to climb onto a garage to escape.
Doorbell footage shows the moment officers shout: “Don’t move, don’t f****** move”, after he was brought to the ground by three separate taser discharges.
Monzo told police he had “many personalities”, including a “professional assassin”, and compared the events to The Hunger Games film franchise.
He wept while giving evidence as he said he did not intend to harm anybody and told jurors he had no memory of what happened.
He told how he had previously used psychedelic drugs and smoked cannabis “three or four times a week” before the attack, but denied doing so on the day.
Prosecutors said he likely suffered from a psychotic disorder with “schizophrenic-like symptoms”, including “delusional beliefs” that both he and his family were in “mortal danger”.
But Mr Little said his psychotic state was self-induced and did not meet the threshold for diminished responsibility.
Thousands of Eurostar passengers have been suffering severe delays and last-minute cancellations due to cable theft – a day after two track fatalities caused disruption.
The latest delays come after 600 metres of copper cables were stolen overnight in the city of Lille in northern France, according to reports in the country.
Eurostar said this was forcing it to run services on alternative routes, causing extended journey times.
The company said in a statement that “full repairs are now completed” and trains resumed as normal as of 1pm UK time.
It added that “some delays can still be expected until the end of the day”.
The statement continued: “Customers have been contacted directly with updates and available options, and Eurostar is advising those due to travel today to postpone their journey with free exchanges and refunds available.
“We’re very sorry for the continued disruption and the impact this is having on our customers. Our teams are working hard to support customers in the stations.”
Eurostar said services between Brussels/Paris and London had been experiencing disruption since the beginning of the day.
Its services were already disrupted because many trains and staff members were out of position after two fatalities on rail lines in France on Tuesday.
At least five services on its London-Paris route were cancelled on Wednesday, and seven others were delayed by around an hour.
Image: Passengers at St Pancras International station in London. Pic: PA
The operator said it was handing out water to passengers on delayed trains, and it has teams at stations to provide assistance.
Affected passengers are able to change their travel plans free of charge or request a full refund.
Images show large crowds of stranded passengers at St Pancras International station in London today.
In a post on X, Eurostar said the cable theft meant trains were likely to be “subject to severe delays and last-minute cancellations”, adding: “We advise you to cancel or postpone your trip.”
Nigel Hardman, 57, took an Avanti West Coast train from Blackpool to London Euston at 5.30am, only for him and his family to find out en route that their Eurostar trip to Paris had been cancelled.
The delays have meant they have decided to board a train to Brussels instead of Paris, meaning they have lost out on about £700 on hotel costs and connecting trains.
Image: Delayed passengers at St Pancras. Pic: PA
Mr Hardman, a plumber from Blackpool, said: “There’s no availability on trains to Paris – they’re all booked up. We’re going to go to Brussels and stay there, then shoot down to Strasbourg, where we were supposed to be. I only found out on an email at about 3.30am this morning, why couldn’t they have told us last night?
“And when we got here, we were in the queue for an hour before we found out the other trains to Paris were all booked up. Everyone was useless until one really organised guy was telling it to us straight. It’s going to cost us about £700 extra which is really frustrating. And it’s just a nightmare start to our trip.”
Eurostar passenger Elizabeth Romijn, 75, a yoga teacher from the Netherlands said she is used to issues with the train service, but described Wednesday’s disruption as “very chaotic”.
She was planning to make her way home, catching the train to Brussels today after visiting friends in Guildford, Sussex and has decided to wait in the station to see if she can board a train.
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Ms Romijn said: “My plan is to just wait. Maybe I should go and be more proactive and go to ask one of the staff but nobody seems to know anything. And it’s quite horrible long queues.
“On the email they said, don’t go, go cancel your travel or take a voucher or something – but I thought I’m going to travel anyway. I’m just going to wait and if it’s cancelled, then I go back to Guildford where I’ve been visiting my friends.”
Image: Passengers at St Pancras International station .
Pic: PA
Eurostar had said in a statement following the deaths on Tuesday: “We are deeply sorry to confirm that there were two separate fatalities on the LGV Nord high-speed line between Lille and Paris yesterday.
“Our thoughts are with the families and friends of those who lost their lives.
“The line was closed for much of the afternoon and evening, resulting in significant disruption to Eurostar services, including cancellations on routes to and from Paris.
“Trains on the London-Brussels-Amsterdam route continued to run with delays.
“This morning, disruption continues due to the knock-on impact of displaced trains and crew.
“Further to this, services have been further affected by an incident of cable theft on the same line near Lille.”
Shadow chancellor Mel stride, standing in for Tory leader Kemi Badenoch, said even if the planned benefit cuts go through, “almost every respected economist now says tax rises are all but inevitable in the autumn”.
He said Ms Reeves promised after her last budget that this will not be the case and asked Ms Rayner to give “certainty” to businesses and repeat that pledge.
Ms Rayner said the question was “a bit rich” given the Tories raised taxes to record highs before the last election, adding: “I take no lectures”.
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Mr Stride pressed her on analysis from the Institute of Fiscal Studies (IFS) that local authorities will have to raise council tax to the maximum level allowed to pay for local services.
Image: Angela Rayner
He said: “The IFS says that the spending review will mean the biggest council tax increases in a generation.
“A £7bn tax rise and yet the chancellor and the prime minister have repeatedly claimed that the government will not raise taxes on working people. So can I ask… why doesn’t she think the council tax is paid by working people?”
Ms Rayner again attacked the Tories’ record, saying he had “absolute nerve” as council tax “rose every single year under that government”.
She said Labour was “delivering money for local government, when they had austerity, put taxes up and ruined the British economy”.
Ms Reeves unveiled her spending review earlier this month, which outlined how much day-to-day funding government departments will get over the next three years, along with capital spending for longer-term projects.
The chancellor has insisted her plans are fully funded, but Paul Johnson, director of the IFS, has said she has left herself such little headroom that “any move in the wrong direction” for the economy would “almost certainly spark more tax rises”.
Any tax hikes would likely spark a backlash given Ms Reeves’ said last November that there would be no more tax hikes during this government’s term, following her decision to raise employer National Insurance in the autumn budget.
The government is facing further trouble as a key part of the spending review was a package of reforms aimed at shaving £5bn off the welfare budgetby 2030.
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Sky’s Tamara Cohen explains.
However, an unprecedented rebellion of over 100 MPs is threatening that legislation, which is due to be voted on next Tuesday.
Ms Rayner today insisted the vote will go ahead.
She said: “I’ll tell the right honourable member why we’re pressing ahead with our reforms.
“That is because we’re investing £1 billion into tailored employment support, a right to try to help more people back into work and ending reassessments for the most severely disabled who will never be able to work.
“We won’t walk away and stand by and abandon millions of people trapped in the failing system left behind by him and his colleagues.”