Ten Things You Need to Know Today: 20 May 2023

The Week’s daily digest of the news agenda, published at 8am

1. Inflation ‘to fall next week’

Inflation is expected to drop next week. The Consumer Prices Index – which measures the average increase in the prices of goods and services purchased by many households – is expected to fall significantly from its current rate of 10.1 per cent to between 8 and 85 per cent. Lower inflation “could spell good news for many mortgage holders”, said the inews site, “as experts say it may decrease the likelihood of a further interest rate rise next month”.

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