The rate at which prices are rising when Mr Sunak made it the first of his five priorities was over 10 per cent, meaning he was hoping for a dip below 5 per cent.
Labour immediately attacked the government for what it called thirteen years of economic failure, noting that prices are still rising at more than double the Bank of England's target 2 per cent rate.
But, after a torrid week for Mr Sunak, he celebrated having delivered on his pledge to halve inflation.
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