Inflation falls again to 10.5% as petrol prices drop

‘Notable’ drop in fuel prices helped UK inflation ease back again but food costs continue to spike

Inflation fell slightly to 10.5 per cent in December from 10.7 per cent in November, the Office for National Statistics has said.

Falling fuel prices helped UK inflation ease back again, offering further signs that the peak of the cost of living crisis has passed.

The fall marks the second month in a row that the inflation rate has dropped back.