Most economists think a sharp drop in petrol and diesel prices will have helped pull the overall inflation rate down.

Some economists think a sharp drop in petrol and diesel prices will have helped pull the overall inflation rate down to 2.4% in June, from 2.6% in May

Inflation is expected to have eased last month in a welcome but temporary boost for Andy Burnham’s incoming government.

Newly appointed Chancellor John Healey said falling inflation is ‘news families want to hear’