UK consumer price inflation fell from 4.5% in May to 4.2% in June despite food prices remaining high.
The UK has spent the last few days discussing how to pay for retirement and old age.
Ronald Reagan claimed inflation was as "violent as a mugger, as frightening as an armed robber and as deadly as a hitman."
Andy Weir, the manager of Fidelity's Global Inflation Linked Bond fund, has said he expects inflation to peak below 5% later this year, after the official reading for May showed price rises had halted.
Looking at last week's inflation report, it seems the Bank of England is reasonably content with the current state of play.
Sterling jumped across the board after the Bank of England's latest report said inflation is likely to remain above target for longer, fuelling expectations the MPC will act sooner to tackle price rises.
Manager sells off high yield exposure and looks to equities amid UK recession fears
Ecclesiastical's Robin Hepworth has warned Western equity markets could fall as much as 10% when central banks finally act to tackle inflation.
WAY Investment Services' Mark Benson gives an update on how the Budget 2011 affected inheritance tax planning.
An imminent interest rate hike would be the ultimate policy error by the Monetary Policy Committee, which should not raise rates before Q4 if inflation is still high, says Caspar Rock at Architas.