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| UK inflation rate falls to 2.4% in April | UK inflation rate falls to 2.4% in April |
| (35 minutes later) | |
| The UK's inflation rate fell to 2.4% in April, according to the Office for National Statistics, down from 2.8% in March. | The UK's inflation rate fell to 2.4% in April, according to the Office for National Statistics, down from 2.8% in March. |
| Lower petrol prices and air fares helped the consumer prices index (CPI) to fall for the first time since September 2012. | Lower petrol prices and air fares helped the consumer prices index (CPI) to fall for the first time since September 2012. |
| But food prices continued to rise as cold weather hit crop production. | But food prices continued to rise as cold weather hit crop production. |
| Inflation as measured by the retail prices index (RPI) fell to 2.9% in April, from 3.3% the month before. | Inflation as measured by the retail prices index (RPI) fell to 2.9% in April, from 3.3% the month before. |
| Petrol and diesel prices fell by 2.1p and 3.9p a litre respectively between March and April, which will be welcome news to hard-pressed motorists. | |
| The average price of petrol in the UK is currently £1.33 a litre or £1.38 for diesel. | |
| Food prices have risen 40% since 2007 and the recent extended period of cold weather has dented crop yields, putting further pressure on fruit and vegetable prices. |