UK inflation eases more than expected to 2.8%, led by lower electricity and gas bills - business live

Food inflation slows to 3%, led by meat and chocolate; prices of computer game downloads drop sharply; economists say benign inflation data reduces chances of June rate hikeCharlotte OLeary, associate economist at the National Institute of Economic and Social Research, a think tank, thinks there could be a precautionary rate rise later this summer.Todays slowdown in April inflation to 2.8% may look promising, but this is likely as low as it gets for some time. The decline relative to March large...