Price rises slowed last month across a range of everyday groceries, including cheese, pasta and breakfast cereals, which helped the UK’s overall rate of inflation drop to its lowest level since May.

The surge of inflation that took hold after the pandemic is still hurting household budgets and still very much on the minds of officials at the Federal Reserve.

Trump fired the Bureau of Labor Statistics head. In Argentina, the government manipulated the inflation rate. Economists went rogue to calculate the real rate, and people lost trust in the numbers.

When President Trump fired the head of the Bureau of Labor Statistics, it set off worries that economic data might not be as trustworthy in the future. The president claimed, without citing evidence, ...

Foods including pizza, quiche, breakfast cereal and crisps all saw an acceleration of inflation last month.