The Office for National Statistics said consumer price index (CPI) inflation was 2.6 per cent in the year to June.

The rate of Consumer Prices Index inflation fell to 2.6 per cent in June from 2.8 per cent in May, the Office for National Statistics said today.

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

The Office for National Statistics said consumer price index (CPI) inflation was 2.6 per cent in the year to June.

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Coffee, soft drinks, rice, meat and tea were among items that saw a slowing of inflation last month.

Inflation has fallen to 2.6 per cent but is expected to start rising again from next month. Experts say the Bank of England is unlikely to follow suit and cut interest rates