<h1>Retail inflation falls to multi-year low as food price declines and base effects reduce headline inflation.</h1> Retail inflation fell to a multi year low in June driven primarily by declines in food-group prices and a favourable base effect; notable softening occurred in vegetables, pulses, meat and fish, cereals, sugar and confectionery, milk products and spices, producing the lowest year on year CPI inflation since early 2019.