Inflation tumbles amid price war

Press Association
PA
PA

%VIRTUAL-SkimlinksPromo%The supermarket price war drove food and drink costs to their first fall since 2006 last month as inflation dipped to a four-and-a-half-year low, official figures showed today.

The Consumer Prices Index (CPI) measure of inflation dropped more steeply than expected to 1.5% in May - the lowest level since October 2009 - from 1.8% in April.