the figure which tells us the rate at which prices are rising hit the bank of england s target of 2% in may, coming down from 2.3% in april. our chief economics correspondent dharshini david reports. gary in sussex used to have seven butchers shops. he now has four. forced to make cuts as he s been caught between soaring costs over the last few years and customers with lean budgets looking for value. but things are easing. the price is probably 10 15% more than they were at the beginning of covid, but the actual price of the product is pretty much stationary now. well, we hope it s stationary. it would be nice if it would come down, but i can t see that, not in the foreseeable future anyway. it s global food and energy costs, which triggered the rise in inflation to 11% in 2022, which have also helped it fall to the 2% target, along with the rate rises over the last couple of years. as you may have noticed, the prices of goods are rising more slowly as the impact of the w
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