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Source: Office of National Statistics and BBC The inflation rate was at 3.6% up to July 2025 but has been slowly declining to 2.9% for July of this year. This remains stubbornly still above the target of 2% and on par with previous months but continues the downward trend from highs of 11.1% in October 2022. The main contributing factors for the surge in recent years have been mostly down to the aftermath of the COVID-19 Pandemic, the wars in Ukraine and the Middle East and th