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

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’