UK inflation fell by 1.1 per cent between June and July, with the Consumer Price Index (CPI) dropping from 7.9 per cent to 6.8 per cent, according to the Office for National Statistics (ONS).
That represents its lowest level since February 2022 when Russia’s invasion of Ukraine began, driving up energy prices at a time when Europe’s economies were attempting to mount a recovery following two years of Covid-19 shutdowns, disruption and upheaval.
