UK inflation rate falls to 2.6%

The UK's rate of inflation has fallen to 2.6%, according to official figures published by the Office for National Statistics (ONS).

23 Jul 2026

The UK's rate of inflation has fallen to 2.6%, according to official figures published by the Office for National Statistics (ONS).

The data showed that inflation fell to 2.6% in the year to June, down from 2.8% in the year to May. The fall was largely driven by lower fuel and food prices.

Summer sales meant clothing costs fell, with many retailers offering larger discounts than last year.

Analysts have warned that the fall in inflation may be temporary as higher energy prices are predicted to increase the rate of inflation.

Grant Fitzner, Chief Economist at the ONS, said: 'Food prices fell this month, driven by products including chocolate, margarine and beef. Clothing prices also fell with the start of summer sales, with bigger discounts than last year.

'The cost of raw materials dipped for the first time since January, mainly due to the lower price of crude oil, while the increase in the costs of goods leaving factories slowed again.'