UK inflation rate eases to 2.7 percent in February

CPI’s 12-month rate in February fell from 3 percent, official data reveals

UK inflation rate eases to 2.7 percent in February

World Bulletin / News Desk

The U.K.’s consumer price inflation in February was 2.7 percent, down from 3 percent in previous month, according to official data.

The U.K.'s Consumer Price Index (CPI) 12-month rate in February fell from 3 percent to 2.7 percent, the lowest figure since July 2017, according to the Office of National Statistics (ONS) data released on Tuesday.

“The largest downward contributions to the change in the rate came from transport and food prices, which rose by less than a year ago,” ONS said.

According to economists, pressures on the Bank of England to increase the interest rate may ease due to downward trend in inflation data.

Consumer price inflation was at 3.1 percent at six-year high in November last year.

Bank of England keeps its inflation target at 2.0 percent. 

Last Mod: 20 Mart 2018, 15:43
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