Inflation falls to lowest level in almost three years

4 months ago 18
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Inflation has hit the Bank of England's target for the first time in almost three years.

Prices rose at 2% in the year to May, down from 2.3% the month before, official figures show.

The economy is a key talking point in the run-up to the general election on 4 July, with all of the main parties debating how they would keep the cost of living under control.

The Bank of England will look at these numbers on Thursday to decide what to do about interest rates.

The easing in the inflation rate was driven by a slowdown in price rises for food and soft drinks, recreation and culture, and furniture and household goods.

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