17 July 2012 Last updated at 04:42 ET
Prices in the UK are rising at their slowest rate since the end of 2009, official figures have shown.
The annual rate inflation as measured by the Consumer Prices Index fell to 2.4% in June, from 2.8% in May, the Office for National Statistics said.
The rate of inflation, which indicates how fast prices are rising compared with a year earlier, is slowing due to lower food, fuel and clothing prices.
The Retail Prices Index, which includes housing costs, fell to 2.8% from 3.1%.
