Are the prices you pay for things going up? Inflation as measured by the Retail Prices Index - which includes housing costs - fell to 4.8% in July, from 5% in June. The Consumer Prices Index also fell from 3.2% to 3.1%.
But how does this all affect you?
Your personal rate of inflation depends on how you spend your money and may not match the official rate of inflation. Use this calculator to get a much more accurate picture of how inflation affects you.
The calculator was developed by the Office for National Statistics (ONS). Information entered is safe as it stays on your computer.