Inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia's invasion of Ukraine, though elevated food prices meant it didn't fall as much as anticipated.
The Office for National Statistics said Wednesday that the inflation rate, as measured by the consumer prices index, dropped to 8.7% in the year to April from 10.1% in March, largely because last year's energy spike in the wake of the invasion dropped out of the annual comparison. The fall took inflation to its lowest level since March 2022, a month after the war began.
