"UK Inflation Slides to 3.4%, Lowest Since 2021"
TL;DR Summary
UK inflation fell to 3.4% in February, below expectations, with the largest downward contributions from food, restaurants, and cafes. The Bank of England expects inflation to temporarily drop back to its 2% target in the second quarter before increasing again later in the year, and is likely to keep interest rates unchanged at 5.25% as it monitors the medium-term inflation outlook.
- UK inflation slides to 3.4%, below expectations CNBC
- UK inflation falls to 3.4% in February to lowest level for two and a half years The Guardian
- Inflation latest: UK inflation falls more than expected, official data shows Sky News
- UK CPI Preview: Will February inflation data move the needle for the Bank of England? FXStreet
- UK Inflation Cools More Than Expected to Slowest Pace Since 2021 Bloomberg
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