FILE: UK ONS says inflation slowed to 2.8% in February

Record ID: 1985804

  • Title: FILE: UK ONS says inflation slowed to 2.8% in February
  • Date: 26th March 2025
  • Summary: SAO PAULO, BRAZIL (MARCH 27, 2025) (REUTERS) (MUTE) VARIOUS OF DRONE VIEWS MUSEUM OF SAO PAULO (MASP) OLD BUILDING (RED ONE) AND NEW EXPANSION BUILDING (TOWER ON THE RIGHT) VARIOUS OF VISITORS AT MUSEUM HISTORY EXHIBITION VARIOUS OF MASP DIRECTOR OF EXPERIENCE AND COMMUNICATION PAULO VICELLI LOOKING AT ARTPIECES (SOUNDBITE) (Portuguese) MASP DIRECTOR OF EXPERIENCE AND COMM
  • Embargoed:
  • Keywords: Britain economy inflation
  • Location: VARIOUS
  • City: VARIOUS
  • Country: UK
  • Topics: Europe,Budget/Taxation/Revenue,Government/Politics
  • Reuters ID: LVA005170126032025RP1
  • Aspect Ratio: 16:9
  • Story Text:British inflation slowed to an annual rate of 2.8% in February from 3.0% in January, bringing some temporary relief for consumers ahead of a likely resurgence in price growth, official figures showed on Wednesday (March 26).
    Economists polled by Reuters had pointed to a reading of 2.9% in February, compared with the Bank of England's forecast of 2.8% which was published last month.
    The central bank expects consumer price inflation to peak at 3.75% in the third quarter of this year - almost double its 2% target - driven mostly by higher energy costs and regulated tariffs for household utility bills and bus fares.
    Sterling was down by around a fifth of a cent at 0710 GMT.
    The Office for National Statistics said services inflation - closely watched by the BoE - held at an annual rate of 5.0%, against expectations for a fall to 4.9%. The central bank had expected it would rise to 5.1% in Wednesday's data.
    (Production: Natasha Montague)
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