UK inflation eases slightly to 10.7% ahead of Christmas

Jeremy Hunt says rising costs are still ‘number one enemy’

Inflation has fallen slightly ahead of Christmas to 10.7 per cent.

The new Consumer Price Index (CPI) figure for last month was down from a 41-year high of 11.1 per cent in October.

The Office for National Statistics (ONS) said inflation remained at “historically high levels” despite the drop.