Rishi Sunak has hailed a fall in inflation as a “major moment for the economy” as he claimed it was “proof” his plan was working. 

The rate of Consumer Prices Index inflation fell to 2.3 per cent in April, down from 3.2 per cent in March, according to eagerly-anticipated data published by the Office for National Statistics this morning. 

It means inflation is now at its lowest level in nearly three years, providing a significant boost to Mr Sunak as he pins the Tories’ electoral hopes on an improving economy. 

Mr Sunak said in a statement: “Today marks a major moment for the economy, with inflation back to normal. This is proof that the plan is working and that the difficult decisions we have taken are paying off.

“Brighter days are ahead, but only if we stick to the plan to improve economic security and opportunity for everyone.”

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