Inflation, which measures the rate of price increases over time, reached 3.2% in the year to November, according to the UK's Office for National Statistics. This figure was lower than expected. The data was released ahead of the Bank of England's interest rate decision, due on Thursday. Recently, UK policymakers and regulators have highlighted this impact to show that holding cash is not without risks. This rate is the lowest inflation rate in eight months, although it is still above the Bank of England's 2% target. They are seeking to encourage more Britons to invest.
