UK Inflation Falls to 2.7%

Smaller price rises for transport and food and drink behind the drop in the Consumer Price Index

Morningstar News Team 20 March, 2018 | 11:21AM

UK notes and coins

UK inflation eased to a seven-month low in February, helped by a fall in petrol prices and smaller rises in food and transport costs than the previous year, the Office for National Statistics said on Tuesday.

Consumer price inflation slowed more than expected to 2.7% in February from 3% in January. This was the weakest since last July, when prices rose 2.6%. Economists had forecast an annual rate of 2.8%.

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