Inflation slows by more than expected in February – ONS
by Holly Williams
Mar 20, 2024
3 minutes
UK inflation fell back by more than expected last month to the lowest level in more than two years as the growth in food prices eased for cash-strapped households, official figures have shown.
The Office for National Statistics (ONS) said that Consumer Prices Index inflation stood at 3.4% in February – down from 4% in January and the lowest level since September 2021.
Most economists had been expecting inflation at 3.5% last month.
is now closer towards the Bank of England’s
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