Consumer price inflation (CPI) has fallen to 3.9 percent in November, down from 4.6 percent in October.

This is down from its 11 percent peak in late 2022.

But CPI will need to halve again, as the Bank of England (BoE) has a target of two percent to reach.

James McManus, chief investment officer at Nutmeg, said: "the drop from four percent to two percent could be tougher to achieve than the bigger drop we’ve already seen, given some of the more sticky elements. &nbs...