Current Inflation Rate 2024 Uk. The surprise fall in the uk's inflation rate comes ahead of this month's budget, with chancellor rachel reeves looking to make tax rises and spending cuts to the value of £40bn. Inflation is a measure of how much prices of goods (such as food or televisions) and services (such as haircuts or train tickets).

Breaking news and top stories on uk inflation. It tracks how the prices of a shopping basket of about 700 things are changing.