LONDON: British consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February, slowing from a 4.0% increase in January, and the lowest rate of inflation since September 2021, the Office for National Statistics said on Wednesday.
A Reuters poll of economists had pointed to an annual rate of 3.5%.
Core inflation, which excludes energy, food and tobacco prices, also slowed to 4.5%, down from 5.1% in January.
UK inflation rate unexpectedly holds at 6.7% in September
The Reuters poll had pointed to a reading of 4.6%.
The figures were published a day before the Bank of England announces its latest decision on interest rates.
Services inflation, which the BoE watches closely, slowed to 6.1% from 6.5% in January, the ONS said.
Comments
Comments are closed.