Prices rose more slowly in April but the cost of living remains high and could still get worse before it gets better

Most economists think the rate of Consumer Price Index (CPI) inflation slowed to 3% in April, from 3.3% in March.

The headline CPI rate dropped from 3.3 per cent in March to 2.8 per cent, more than most analysts had expected.

The main upwards pressure on inflation last month was a sharp rise in the cost of fuel.