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
Young cancer patient Bradley Lowery stole hearts while on the Wembley pitch with the England squad.
A 30-year-old man has been arrested in Birmingham by officers investigating the Westminster terror attack, the Metropolitan Police said.
US airline United faces outrage after apparently ordering women to change or lose their seats for being not "properly clothed".