Brits are struggling with the cost of living, with inflation hitting 9.9% today - but some surprising items are falling in price.
Consumer Prices Index (CPI) inflation is now five times higher than the Bank of England target of 2%.
Inflation shows how much prices have gone up by in one year - on average.
Within the average 9.9% rise, some prices have gone up by more, some less, and some have even fallen.
The Office for National Statistics said today that inflation dropped slightly because of a fall in petrol and diesel prices - but food and clothing became more expensive.
Food and drink prices have risen by 13 straight months, with an increase of 13.1% in the year to July.
Energy bills will be frozen from October 1 according to new Government plans - but will still average £2,500 a year for the typical home .
But many prices are actually falling - and it's particularly good news for book lovers and camping enthusiasts.
The Mirror has dug into the numbers and found that many costs are actually going down.
Here are the ten items that have fallen the most in price over the past 12 months...
- E-books - 15.8% fall
- HiFi equipment - 13.2% fall
- Recording media - 9.3% fall
- Camping gear - 8.6% fall
- PCs - 7.3% fall
- Non-fiction books - 7% fall
- TV and film equipment - 5.2% fall
- Software - 5.1% fall
- Computer equipment -5% fall
- Mobile telephone gear - 3.6% fall
What is inflation?
Inflation is a figure used to explain how much the prices of everyday essentials have increased.
When inflation is high, it means the cost of living has increased and you’re getting less for your money than you did before.
The ONS releases inflation figures for the previous 12 months every year - so it is a retrospective look at how prices have changed,
For example, if something cost £1 a year ago and now costs £1.02 today, that rate of inflation would be 2%.
What happens when inflation rises?
The rate of inflation is increasing across the world - not just the UK - and there are several reasons why this is happening.
Household spending started to rise in early 2021 when the UK began easing coronavirus restrictions.
When people are spending more, it drives up demand and pushes up prices.
"Economies around the world, including in the UK, opened up after Covid restrictions eased. And then people naturally wanted to start buying things again," explains the Bank of England.
"But businesses selling some of those things couldn’t get enough of them to their customers. This caused prices to rise - especially for goods coming from abroad."
The Russian invasion of Ukraine earlier this year has also caused prices to rise, including a sharp increase in the cost of energy.
Agricultural commodities, such as grain, which are needed to produce food, have risen too off the back of the crisis.
