- Britain has experienced its first fall in inflation this year, with the annual rate of consumer price rises decreasing from 3.3 per cent in March to 2.8 per cent in April.
- This reduction is largely attributed to government measures aimed at lowering energy costs. However, experts warn that this decline may be temporary, with forecasts suggesting inflation could surge to between 4 and 5 per cent by the summer.
- This anticipated rise is primarily linked to the full impact of the Iran war, which is expected to drive up both fuel and food prices .
- The development comes as the government urges supermarkets to cap food prices . Some industry bodies have cautioned that food price inflation could escalate to nearly 10 per cent by the end of the year.
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