Inflation dropped to 6.8% in the year to July, according to the Office for National Statistics (ONS). The consumer price index (CPI) measure of inflation shows the rate fell from 7.9% in June.
That's all for today's cost of living blog. If you've only just caught the end of it, here are the key moments from the day:But core inflation - the rate of price rises excluding food and fuel - remained unchanged at 6.9%, raising doubts Rishi Sunak could meet his 5.3% target by the end of the year;With this in mind, the Bank of England is widely predicted to increase rates to 5.
Pay rose 7.8% in the three months to June compared with a year earlier, while core inflation stood stubbornly at 6.9%, putting his promise"in jeopardy", according to the Institute for Fiscal Studies. A survey of 2,000 users of the investment comparison site Investing Reviews reveals not everyone is positive about their post-work future.
There has been an alarming 39% rise in romance scams in the past three months, a digital safety and privacy expert has found. Data for the quarter, April to June this year, also showed a significant increase in overall cyber risks, with an increase of 24% in unique attacks blocked over the previous period, the highest risk seen in three years. More price rises could be on the way for Admiral customers as the insurer tries to mitigate the impact of high inflation.
Matt Britzman, an analyst at Hargreaves Lansdown, said Admiral should be able to carry on outperforming rival companies"with selective underwriting and strong pricing power".NatWest made the wrong decision on more than half the fraud compensation claims it rejected over a year, according to a report.
The supermarket giant said sales of sushi have rocketed by 90% since it was included in its premium £5 Clubcard meal deal at the start of the year.
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