stockmarket

Chances of May interest rate cut rise after UK inflation falls to 2.8% – as it happened


UK inflation falls to 2.8%

Newsflash: UK inflation has fallen back to 2.8%, in a boost to Rachel Reeves a few hours before she delivers her spring statement.

The Office for National Statistics said annual inflation as measured by the consumer prices index cooled last month, dropping from 3% in January.

That slightly lowers the cost of living pressure on families, but also means prices are still rising faster than the Bank of England’s 2% target.

On a monthly basis, CPI rose by 0.4% in February 2025, compared with a rise of 0.6% in February 2024.

The largest downward contribution came from clothing, the ONS reports.

Share

Updated at 

Key events

Here’s our breakdown fo the key points from today’s spring statement:





READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.