Would cost you £106.80. it is a slowing of price rises, which is what we need to see to ease the cost of living pressures, but it is still way above the bank of england target of 2% and still quite some way above the 5% or so that the prime minister pledged to get inflation down to by the end of this year. he made that promise when inflation was around 10%. things are moving in the right direction but it still means that prices are rising compared with one year earlier. the bank of england looks at this figure when it decides what to do on interest rates and because inflation is still significantly higher than the bank would like it to be it means we have seen those 1a interest rises in a row, there is some speculation that those interest rates could rise further, the theory being that it