The Office for National Statistics (ONS) has released the latest UK Consumer Price Index (CPI) measure of inflation data today (22 July).CPI inflation rose by 2.6% in the 12 months to June 2026This is a drop from 2.8% in May and AprilRatesetters at the Bank of England will be watching closely to help inform its decision on whether to lower interest rates from 3.75%.| UK inflation forecast | What is inflation? | When will interest rates fall further? | CPI release dates | MPC meeting dates |(Imag