The Latest Breaking News from Inflation

Fall in inflation hasn’t eased mistrust over economy, while Starmer leads polling on who will make better PM

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From olive oil to cocoa and carpets to holiday centres, how the cost of everyday things varies

Most of the Prime Minister’s five priorities had not been achieved by the end of last year.

What might have been a curtain call for the Government, with inflation falling to 2.3 per cent, was instead greeted with a sharp intake of breath. The markets were hoping for better, with a consensus forming around 2.1 per cent. As a result, a June interest rate cut now appears…

April’s inflation rate of 2.3% means that if an item cost £100 a year ago, the same thing would now cost £102.30

Higher-than expected UK inflation figures disappointed the City today, with shares closing down as the 2.3% Consumer Price Index reading dashed hopes of a June interest rate cut.

Average house price across the UK are now £283,000, according to the ONS

Higher-than-expected inflation dealt a blow to interest rate cut hopes, while public borrowing grew by £1.5 billion