UK Inflation's Bumpy Road Ahead The slowdown in inflation to 2. 8% in April has brought relief to households struggling with rising costs, but it remains unclear whether this reprieve will be short lived.
The reduction of the household energy price cap has cushioned the impact of increasing fuel prices, at least for now.
However, petrol and diesel prices have continued to soar since the Middle East conflict began, suggesting that inflation could soon accelerate.