INFLATION has plunged at the fastest rate for 45 years.
However, millions of families are still struggling to pay bills.
Lower food prices led to the Consumer Price Index dropping from 4% to 3.4% last month.
Yesterday the Office for National Statistics revealed the biggest fall since 1978 - taking inflation to its lowest level since September 2021. It upped the chances of a Bank of England interest rate cut this summer.
PM Rishi Sunak is banking on living costs easing as he prepares to announce a general election.
Shadow Chancellor Rachel Reeves said: "Prices are still high, the tax burden is the highest it has been in 70 years."
An energy price cap will fall next month but costs like water bills and council tax will jump.
National Debtline found 17.2 million adults expect finances to worsen by end of the year.
It added: "The challenges facing millions of people already struggling are far from over."
Last month's 3.4% inflation figure was just below the 3.5% many economists had forecast.
Chancellor Jeremy Hunt said the inflation fall "sets the scene for better economic conditions".

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.