UK inflation beats expectations as it drops to 3.4%

CPI figure lower than expected after remaining stagnant at 4%

Cristian Angeloni
clock • 3 min read
Core CPI also dropped during the month to 4.5% from 5.1% in January, with the annual rate of CPI goods dropping to 1.1% from 1.8% and CPI services falling to 6.1% from 6.5%.
Image:

Core CPI also dropped during the month to 4.5% from 5.1% in January, with the annual rate of CPI goods dropping to 1.1% from 1.8% and CPI services falling to 6.1% from 6.5%.

The Consumer Prices Index (CPI) dropped to 3.4% in February, after stalling at 4% for two months, according to the Office for National Statistics (ONS).

The figures published today (20 March) beat expectations, which had forecast a reading of 3.5% for the month. The fall in inflation was a result of prices rising by 0.6% in February, the ONS sai...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

UK inflation falls to 3% to give BoE 'green light' for rate cut

UK inflation falls to 3% to give BoE 'green light' for rate cut

In line with expectations

Michael Nelson
clock 18 February 2026 • 4 min read
News Digest: Church of England pension fund benefit boost tempts an earthly reckoning

News Digest: Church of England pension fund benefit boost tempts an earthly reckoning

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 18 February 2026 • 1 min read
ICSWG launches investment stewardship alignment tool

ICSWG launches investment stewardship alignment tool

Tool will help asset owners test and assess how managers’ stewardship activities are in line with expectations

Holly Roach
clock 17 February 2026 • 2 min read
Trustpilot