Price falls for some food items like meat, crumpets and chocolate biscuits helped drive inflation down to its lowest level in two-and-a-half years.
The rate consumer prices have been rising at fell to 3.2% in the year to March, down from 3.4% the month before, according to official figures.
Inflation has been falling gradually since it peaked at 11.1% in late 2022.
Inflation has been falling gradually since it peaked at 11.1% in late 2022.
According to the Office for National Statistics (ONS), the price rises seen across most types of food products eased between February and March, with small increases being seen for bread and cereals.
Meat prices fell by 0.5% between February and March, compared with a rise of 1.4% a year ago, with pork products one of the big reasons behind the slowing food inflation rate.
Prices for furniture and household goods like cleaning products also fell by 0.9% in the year to March.
Soaring food and energy bills have been the main causes behind the UK’s high inflation in recent years.
Oil and gas were in greater demand after the pandemic, and prices surged again when Russia invaded Ukraine, cutting global supplies. The conflict also reduced the amount of grain for sale, pushing up food prices.
Price falls for some food items like meat, crumpets and chocolate biscuits helped drive inflation down to its lowest level in two-and-a-half years.
Inflation has been falling gradually since it peaked at 11.1% in late 2022.
The rate consumer prices have been rising at fell to 3.2% in the year to March, down from 3.4% the month before, according to official figures.
According to the Office for National Statistics (ONS), the price rises seen across most types of food products eased between February and March, with small increases being seen for bread and cereals.
Inflation has been falling gradually since it peaked at 11.1% in late 2022.
Inflation has been falling gradually since it peaked at 11.1% in late 2022.
According to the Office for National Statistics (ONS), the price rises seen across most types of food products eased between February and March, with small increases being seen for bread and cereals.
Meat prices fell by 0.5% between February and March, compared with a rise of 1.4% a year ago, with pork products one of the big reasons behind the slowing food inflation rate.
Prices for furniture and household goods like cleaning products also fell by 0.9% in the year to March.
Soaring food and energy bills have been the main causes behind the UK’s high inflation in recent years.
Oil and gas were in greater demand after the pandemic, and prices surged again when Russia invaded Ukraine, cutting global supplies. The conflict also reduced the amount of grain for sale, pushing up food prices.
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