Prices rose 2.6% in March from a year earlier, slowing from an annual rate of inflation of 2.8% in February and teeing up a new cut to interest rates.

The Bank of England has been urged to slash interest rates at a faster rate following today's inflation figures from the Office for National Statistics (ONS). UK inflation fell to 2.6 per cent in March,

UK inflation fell more than expected in March, paving the way for the Bank of England (BoE) to cut interest rates next month to 4.25%. The Consumer Price Index (CPI) measure of inflation fell to 2.6% from 2.