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%.
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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...

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