United Kingdom Inflation February 2020

United Kingdom

United Kingdom: Inflation dips in February

March 25, 2020

Consumer prices rose 0.4% month-on-month in February, contrasting January’s 0.3% decline. February’s reading was driven by higher prices for clothing and footwear; and furniture, household equipment and maintenance.

Inflation dipped from 1.8% in January to 1.7% in February, moving further below the Bank of England’s 2.0% target, while core inflation, which excludes energy and food, recorded 1.7%. Looking ahead, inflation is likely to decline due to depressed economic activity and the plunge in global oil prices observed recently.

Our panelists are currently taking recent developments into account, with a new Consensus Forecast to be published on 31 March.


Author:, Economist

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United Kingdom Inflation February 20 20

Note: Annual and monthly variation of consumer price index in %.
Source: Office for National Statistics (ONS) and FocusEconomics calculations.


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