The Office for National Statistics (ONS) will release the latest UK Consumer Price Index (CPI) measure of inflation data tomorrow (22 July).CPI inflation in the 12 months to May 2026 read 2.8%, staying steady from April 2026.Experts believe the June inflation data will show a fall to 2.6%Ratesetters at the Bank of England will be watching closely to help inform their decision on whether to lower interest rates from 3.75%.| UK inflation forecast | What is inflation? | When will interest rates fal