UK inflation falls to lowest rate since September 2021
Full story: UK inflation falls to 3.4% in February to lowest level for two and a half years‘It’s been rocky – but childcare is a silver lining’: how one UK family copes with soaring living costs
UK inflation fell to 3.4% in February – the lowest level for two and a half years – according to official figures that show the annual rate of price rises starting to ease again after remaining unchanged the previous month.
The 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.
“The plan is working.
“Inflation has not just fallen decisively but is forecast to hit the 2% target within months.
