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The Guardian - UK
The Guardian - UK
Business
Larry Elliott Economics editor

UK inflation expected to dip below 10% as energy prices fall

The Bank of England
The Bank of England believes inflation will fall further as the impact of Russia’s invasion of Ukraine fades. Photograph: John Sibley/Reuters

Britain’s annual inflation rate is poised to fall below 10% for the first time since last August when the latest official figures for the cost of living are released on Wednesday.

A sharp fall in energy prices is thought likely to have dragged down the government’s preferred measure of inflation from 10.4% in February to 9.8% in March, according to a poll of economists conducted by Reuters.

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