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Evening Standard
Evening Standard
Business
Anna Wise

Why has inflation gone down and where will it go from here?

Inflation Andy Burnham Bank of England ING Ofgem
Average food prices fell between May and June, official figures indicate (Aaron Chown/PA) - (PA Archive)

UK inflation fell to the lowest rate in 15 months in June as a drop in fuel and food prices helped bring down the overall cost of living.

The Office for National Statistics (ONS) said the rate of Consumer Prices Index (CPI) inflation was 2.6% in June, down from 2.8% in May and the lowest level since March 2025.

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