Inflation slowing but remains strong, say accountants BDO

BDO’s inflation index dropped to 110.99 points – a score above 95 means that inflation is growing.

Businesses and people are still seeing jumps in their costs (Bradley Collyer/PA) (PA Wire)

Inflation is still rising rapidly, but has fallen to its lowest point for a year, a poll of polls by accountancy firm BDO has suggested.

BDO’s inflation index dropped by 2.19 points, the consultants said, dropping to 110.99 points. A score above 95 means that inflation is growing.

It is the lowest score since March 2022, but still high by historical standards as the cost of living continues to bite households and costs rise for businesses.