Market Updates: Cheaper Crude Oil Spills Impact on UK Inflation

Cheaper crude oil helped push Britain's inflation rate to its lowest since early 2017. The CPI rose at an annual rate of 2.3%in November...


Recalling our earlier update Can Crude Oil Prices Weigh On Canada CPI?, we were expecting to see an impact on the Canadian inflation rate, but looks like a drop in oil prices has covered a broader area.

Cheaper crude oil helped push Britain’s inflation rate touch its lowest since early 2017. The CPI rose at an annual rate of 2.3% in November which is in line with economists forecast of 2.3% but below the 2.4% rate in October.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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