The Consumer Prices Index (CPI) rose by 2.3 per cent in the 12 months to April 2024, down from 3.2 per cent in March, figures published today show. Inflation is getting closer and closer to the Bank of England’s target of two per cent. Inflation has been steadily falling in recent months, easing conditions for households and businesses who faced rapidly rising prices during the cost-of-living crisis. Although the figure is falling, prices are still rising, it just means not as quickly. City economists had predicted CPI inflation to fall to 2.1 per cent in April. This would mark the lowest leve…