Inflation rate is the lowest since September 2021, as petrol prices drop
ONS chief economist Grant Fitzner said:
Inflation eased again to its lowest annual rate for over two years, but prices remain substantially above what they were before the invasion of Ukraine.
The biggest driver for this month’s fall was a decrease in fuel prices after an increase at the same time last year. Food prices also pulled down inflation, as they rose much more slowly than this time last year.
Continue reading…
