Consumer Prices Index

It is good that inflation has dropped, but life isn't returning to normality any time soon (Getty)

Inflation defies analysts and drops down - but things aren't 'normal' Gurj Nanrah

The UK's inflation rate has unexpectedly dropped to its lowest level in 18 months according to the Office for National Statistics. (Credit: Getty Images)

Inflation unexpectedly drops to lowest level in 18 months

The next UK interest rates announcement is due to take place soon (images: Adobe/Getty Images)

Explainer Bank of England ‘set to hike interest rates’ despite recession risk

UK mortgage rates spiked in late 2022 - so what’s going to happen in 2023? (images: Adobe/NationalWorld)

Explainer Mortgage rates ‘remain high’ despite improving inflation outlook

This is how inflation is calculated by the Office for National Statistics (images: Adobe)

Explainer How does inflation work? ONS process to calculate cost of living

Rocketing rates of UK inflation are denting consumer spending power (image: Shutterstock)

Explainer RPI vs CPI: what’s the difference between ONS cost of living indexes?

Core inflation covers all the goods and services we consume outside of volatile categories, like food and energy prices (images: Adobe)

Explainer What core inflation means for your finances as rate remains high

The latest data from the Office for National Statistics (ONS) shows stable energy prices drove the drop, although food prices are continuing to climb at a rapid rate (Pic: PA)

Explainer What is the UK inflation rate? How July 2023 CPI and RPI affects you

UK inflation falls to 7.9% in June - its lowest rate in more than a year. (Photo: Aaron Chown/PA Wire)

UK inflation falls to 7.9% - its lowest rate in more than a year

Interest rates have gone up to 4.25% after the latest Bank of England decision (images: Adobe/AFP/Getty Images)

Explainer How interest rates affect inflation amid latest Bank of England hike

The pressure on households from the rising cost of living did not ease last month (Photo: Getty Images)

UK inflation remains at 8.7% in May despite hopes of fall

Food inflation: UK supermarkets are continuing to put up prices on the budget food and drink products (Image: NationalWorld/Kim Mogg)

Exclusive Supermarkets continue to raise value range prices at pace

Our interactive price tracker reveals how prices have changed at Asda, Aldi, Morrisons, Tesco and Sainsbury's over the past year for 70 staple products. (Image: NationalWorld/Kim Mogg)

Exclusive Interactive chart reveals how supermarkets compare on food price rises

While overall supermarket price rises continued to accelerate, the situation for food appears to be easing (image: Adobe)

Supermarket trade body says food inflation ‘could be peaking’

Rishi Sunak reportedly wants to introduce a food price cap in UK supermarkets (images: Adobe/Getty Images)

Analysis Why a food price cap is unlikely to be a quick fix for inflation

Mortgage rates have climbed after the CPI failed to fall by as much as markets had hoped (image: AFP/Getty Images)

Mortgage rates ‘to spike’ after markets react badly to inflation data

How does the UK’s inflation rate for food compare to those in Europe? (images: Adobe/PA/AFP/Getty Images)

Analysis UK food inflation ‘worst in Europe’ after latest CPI figures

Can Rishi Sunak tackle the cost of living crisis like he has promised? (image: Getty Images/AFP/NationalWorld)

Analysis PM’s inflation pledge ‘misleading’ - but could he miss his target?

Why is the UK’s incflation rate so high in comparison to other countries? (images: Adobe)

Explainer Why the UK’s inflation rate is so high compared to other big economies

UK food inflation fell slightly in April - but it is still rising for many key food and drink items (Image: NationalWorld/Kim Mogg/Adobe)

15 food products with biggest rise in inflation including staple items