Inflation is down across all three measures in the year to April 2026 according to the Office for National Statistics (ONS). The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.0%, down from 3.4% in March. The Consumer Prices Index (CPI) increased by 2.8%, down from 3.3% last month. The Retail Prices Index (RPI) increased by 3.0%, down from 4.1% in the previous release. The fall in inflation in the latest period is largely due to a reduction in the household energy price cap, which has helped ease any initial effects from the significant uptick in the prices of oil and other commodities as a result of the conflict in the Gulf.
