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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Drop in UK inflation is welcome but does not erase two years of pain

A woman holds a basket of goods in a supermarket
The cost of living crisis is still being felt by many UK households. Photograph: Matthew Horwood/Getty Images

At last, UK inflation has fallen far and fast enough to start to match countries such as France, where the annual rate of price rises has reduced at a faster pace this year.

At 3.9% last month, the headline figure remains almost double the 2% target set for the Bank of England but significantly lower than the 11.1% peak in October last year and below the 5.3% target Rishi Sunak set for the end of 2023.

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