UK inflation drops to 2.8% in February in boost to chancellor

Core inflation remained stick at 3.5% as Spring Forecast due today

Linus Uhlig
clock • 4 min read
The figures for the 12 months to February came in slightly below the 2.9% forecast by economists polled by Reuters
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The figures for the 12 months to February came in slightly below the 2.9% forecast by economists polled by Reuters

UK inflation fell further than expected in February, dropping from 3% to 2.8%, as chancellor Rachel Reeves prepares to deliver her Spring Statement later today (26 March).

According to the Office for National Statistics (ONS), the UK Consumer Prices Index (CPI) fell unexpectedly to 2.8% in February, while core inflation continued to remain sticky at 3.5%.  The fig...

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Linus Uhlig
Author spotlight

Linus Uhlig

Linus Uhlig is a senior reporter at Investment Week

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