The UK's inflation rate dropped to 2.6% in June, down from 2.8% in May, according to official data.This decline is mainly due to lower fuel prices after the US-Iran ceasefire, which reduced crude oil costs.New Prime Minister Andy Burnham sees this as a chance to push his plans to ease living costs for families.He introduced tax cuts on electricity and capped bus fares at £2.However, experts warn that rising Middle East tensions could bring oil prices back up, pushing inflation above 3% by September.Burnham also promised to cut VAT on energy bills starting October, despite concerns about future inflation.His focus is on helping households and small businesses, while maintaining fiscal discipline.The government's borrowing dropped more than expected in June, adding to the economic optimism.