UK headline inflation cooled to 2.6% in June 2026, down from 2.8% in May and below the consensus estimate of 2.7%, according to data reported by Guardian Business and Finnhub on 22 July 2026. The decline was driven by falling food prices — including chocolate, margarine, and beef — lower fuel costs linked to reduced crude oil prices, and seasonal clothing price reductions from summer sales. New Chancellor John Healey acknowledged the fall but stated further government action