LONDON: Britain's annual inflation rate fell sharply to a 13-month low of 8.7 percent in April but prices remain elevated as the country faces a cost-of-living crisis, official data showed Wednesday.The rate of price increases slowed from 10.1 percent in March, bringing inflation under 10 percent for the first time since August last year, the Office for National Statistics (ONS) said in a statement.At 8.7 percent, it was the lowest level since March last year, when the rate stood at 7.0 percent.“However, prices in general remain substantially higher than they were this time last year, with annual food price inflation near historic highs,“ noted ONS chief economist Grant Fitzner.Despite the s
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