UK inflation falls to 2.

UK inflation falls to 2.8% as energy bills drop sharply. The Office for National Statistics confirmed the decline from 3.3% in March, driven primarily by lower gas and electricity costs from government support and reduced wholesale prices. However, analysts warn this may be the low point. Inflation is expected to rise toward 4% by year-end due to Middle East tensions pressuring global energy markets. Fuel prices already reflect this pressure, with petrol hitting its highest level since November 2022. Chancellor Rachel Reeves announced additional cost of living support ahead of anticipated energy price increases. Economists caution that while the current rate provides temporary relief, consumers and businesses should prepare for sustained inflationary pressures in the coming months.