Food prices finally fell this month for the first time in almost two and a half years.

The largest price decrease is a 1.3% decrease in bread and cereal prices.

Inflation was unchanged last month and the monthly drop in food prices, of 0.4%, was the first since September 2021.

On the whole, food and non-alcoholic drinks are still 7% higher in price than they were a year ago.

There was a drop in price of 0.4% from December to January.

Despite the drop in food prices food and non-alcoholic drinks are still 25% higher than January 2022.

In the 10 years before that prices only rose by 10%.

Chancellor Jeremy Hunt said: "Inflation never falls in a perfectly straight line, but the plan is working.

"We have made huge progress in bringing inflation down from 11%, and the Bank of England forecast that it will fall to around 2% in months."

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Shadow chancellor Rachel Reeves said: "After 14 years of economic failure, working people are worse off. Prices are still rising in the shops, with the average household’s costs up £110 a week compared to before the last election.

"Inflation is still higher than the Bank of England’s target and millions of families are struggling with the cost of living.

"The Conservatives cannot fix the economy because they are the reason it is broken. It’s time for change. Only Labour has a long-term plan to get Britain’s future back by delivering more jobs, more investment and cheaper bills."

Here is how inflation and the cost of living have changed how expensive your petrol price is:

Here is which supermarket you should be going to for the cheapest food prices: