Will inflation hit the 2% target in the UK?

The CPI data release is significant as it is the last reporting before the general election on 4 July, and if inflation does fall back to 2%, this will pile pressure on the Bank of England to cut rates from their current level of 5.25%. But prices aren't falling, they're just rising less quickly, so it can be hard to spot the improvement. Read more on inflation from Morningstar in this piece.