UK inflation shrank for the second consecutive month in March to 2.6 per cent, official figures show. The Office for National Statistics (ONS) said the rate of Consumer Prices Index (CPI) inflation eased to the new rate from 2.8 per cent in February.
This was a slightly bigger drop than economists had predicted, with most forecasting a figure of 2.7 per cent. It marks the lowest reading since December in news that will no doubt be welcome to households grappling with high prices.
