london skyline

United Kingdom Inflation February 2018

United Kingdom: Inflation drops in February

Consumer prices rose 0.4% in February over the previous month, contrasting January’s 0.5% decline. February’s increase was largely attributable to higher prices for furniture, household equipment and maintenance, and clothing and footwear.

Inflation in February fell faster than markets and the Bank of England expected, dropping from 3.0% in January to 2.7%, partly thanks to lower petrol prices. However, inflation remains substantially above the BoE’s 2.0% target. Meanwhile, annual average inflation remained steady from a month earlier at 2.8% in February.

UK Inflation Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest