UK inflation latest: UK inflation falls to 2.3% as energy prices cool - BBC News BreakingBreaking newsClose breaking news SummaryUK inflation has fallen to 2.3% - just above the target of 2% - the lowest level in almost three yearsIt means prices are still rising, just at a slower rateEnergy prices are at the heart of the falling inflation rate, as they fell by 27.1% in the year to April"Today marks a major moment for the economy, with inflation back to normal," says Rishi SunakInflation was running at 3.2% in the year to March 2024 - that was the lowest rate since September 2021Falling inflation is expected to lead to a cut in interest rates later this yearBack in October 2022, inflation peaked at 11.1% - its highest for 40 yearsLive ReportingRelated Stories Morph.toInit.bundles.push(function() { 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