Inflation is expected to fall to around 4% this year.
Over a thousand products will have their price frozen.
The cost of food has soared across the world in the past 12 months.
The UK is suffering from 11.1% inflation, the highest in 40 years – here's how this compares to fellow G7 members.
Food inflation is already at record levels.
France's inflation rate is almost half of the UK's.
Young people are among those struggling the most with soaring food costs.
The supermarket chief warned food inflation will continue to get worse in the months ahead.
UK inflation is at its highest level for 40 years, but how does it compare with the Euro?
Amid the political turmoil in Westminster, one issue has remained a constant for households in the rest of the country: the cost of living crisis.
The government is set outline more about its response to rising energy bills and the cost-of-living crisis.
Experts have warned stables like milk, cheese and eggs are soaring in price.
Businesses in Thetford are worried about being forced to close amid the cost of living crisis.
Soaring prices are hitting the rest of Europe, too.
Households on the lowest incomes are facing the highest inflation in 2022.
UK workers are facing the biggest pay slump since records began.
Soaring inflation is eating into public sector budgets.
The government has said pay rises risk making inflation worse.
A growing number of unions are striking for better working conditions and higher pay.
Rail strikes, rising inflation, and by-elections leave Boris Johnson facing a tough week.
The Bank of England increased the basic rate of interest to 1.25% on Thursday.
The Bank of England increased interest rates to 1.25% on Thursday in an attempt to quell soaring inflation.
Pensioners are among those benefiting the most from Rishi Sunak's new cost of living support package.
Households with children are facing a heavy blow to their household budgets amid the spiralling cost of living.
Economists have warned tax cuts to help with the cost of living will benefit wealthier households the most.