Inflation fell to to 8.7 per cent in the UK in April - the first dip below double figures since August last year. This figure is down from the 10.1 per cent that was recorded in March, according to the Office for National Statistic (ONS).
The decline is said to have been driven by gas and electricity costs remaining stable in April. However, it does not mean prices are going down - prices are still going up, just at a marginally slower rate, reports the Mirror.
The ONS found that food and non-alcoholic beverage prices continued to rise throughout April and contributed to the higher inflation rate. This eased from 19.2 per cent in the year to March to 19.1 per cent in the year to April.
