Cost-of-living crisis: is the UK over the worst of it?

Inflation data showing sharp falls in price rises will bring ‘sighs of relief in government’, but food prices may not ever come back down

A man walking in an underpass in Leeds
A man walking in an underpass in Leeds
(Image credit: Daniel Harvey Gonzalez/In Pictures via Getty Images)

The rate of price rises has fallen sharply, according to official figures, leading some experts to suggest that the UK may be getting past the worst of the cost-of-living crisis.

The consumer price index (CPI) measure of inflation fell to 6.8% in the year to July, dropping sharply from a rate of 7.9% in June, Office for National Statistics (ONS) data showed.

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