Chancellor George Osborne updated ministers on the inflation figures at this morning's meeting of Cabinet at 10 Downing Street.
A Number 10 spokeswoman said: "The Chancellor set out the fact that inflation has fallen by one-third since September and most market commentators expect inflation to continue falling later this year, which will provide some relief for families' budgets."
More top news
Naming the royal baby Charlotte Elizabeth Diana will be seen as a tribute to the Duke of Cambridge's father, mother and grandfather.
Nick Clegg reads out hilarious mean tweets about himself and discovers the public think he has a 'gigantic face' and 'massive hands'.
Cloud and rain will wriggle it's way into the Channel Islands, Cornwall and the Isles of Scilly later and here it'll feel muggy.