UK inflation falls to 8.7% but food price rises remain close to 45-year high

The Guardian says Britain has recorded the sharpest fall in inflation since the cost of living crisis began, with a drop in the annual rate to 8.7% in April, but food prices continued to rise at the fastest pace in 45 years.

The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index fell below double digits for the first time since August, with a decline from 10.1% in March. Inflation peaked at 11.1% in October.

The sharp fall came as the record energy price increases for households a year earlier were not repeated, although this was offset by the rising cost of a weekly shop as food and non-alcoholic drink prices soared by 19% in the 12 months to April.

https://www.theguardian.com/business/2023/may/24/uk-inflation-falls-cost-of-living-crisis