UK annual inflation slides to 13-month low

BRITAIN’S annual inflation rate fell sharply to a 13-month low of 8.7% last month but prices remain elevated as the country faces a cost-of-living crisis, official data showed today.

The rate of price increases slowed from 10.1% in March, bringing inflation under 10% for the first time since last August, the Office for National Statistics (ONS) said in a statement.