Inflation drops for the first time in a year - what does this mean for prices?

Shadow chancellor Rachel Reeves hit out at the Tory government for ‘refusing’ to tackle the cost of living crisis, leaving families struggling with essential costs. She added that families continue to worry about food prices and the cost of essentials as prices continue to increase. In the light of inflation falling to it’s lowest level in over a year, we’ll be taking a look at what this means in term of real prices for you. While Chancellor Jeremy Hunt said it is positive to see inflation fall back to single digits, he added that food prices are still rising too fast. Stay there for all you need to know.