UK inflation beats expectations as it drops to 3.4%

CPI figure lower than expected after remaining stagnant at 4%

Cristian Angeloni
clock • 3 min read
Core CPI also dropped during the month to 4.5% from 5.1% in January, with the annual rate of CPI goods dropping to 1.1% from 1.8% and CPI services falling to 6.1% from 6.5%.
Image:

Core CPI also dropped during the month to 4.5% from 5.1% in January, with the annual rate of CPI goods dropping to 1.1% from 1.8% and CPI services falling to 6.1% from 6.5%.

The Consumer Prices Index (CPI) dropped to 3.4% in February, after stalling at 4% for two months, according to the Office for National Statistics (ONS).

The figures published today (20 March) beat expectations, which had forecast a reading of 3.5% for the month. The fall in inflation was a result of prices rising by 0.6% in February, the ONS sai...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

'No apparent relationship' between funding level and risk appetite in the LGPS

'No apparent relationship' between funding level and risk appetite in the LGPS

LPPI analysis shows LGPS funds have ‘different considerations’

Holly Roach
clock 30 January 2025 • 2 min read
PPF reduces levy estimate to £45m as government considers legislative change

PPF reduces levy estimate to £45m as government considers legislative change

The government said it is considering giving the PPF flexibility to reduce its levy

Holly Roach
clock 30 January 2025 • 6 min read
News Digest: Dutch pension reforms suddenly at risk

News Digest: Dutch pension reforms suddenly at risk

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 29 January 2025 • 1 min read
Trustpilot