Ease in inflation to more than two-year low and decline in consumer prices index add to speculation of interest rate cut
The fight against UK inflation is being won – but when will interest rates be cut?Business live – latest updates
UK inflation fell to 3.4% in February – the lowest level for two and a half years – driven in part by a slowdown in the pace of food and restaurant price rises. .
The bigger-than-forecast decline in the consumer prices index (CPI) from 4% in January will give a boost to Rishi Sunak, who has pledged to reduce inflation, and add to speculation that the Bank of England will cut interest rates in the summer.
