Inflation falls to 2.8% forward of Spring Statement | EUROtoday

UK inflation fell by greater than anticipated to 2.8% within the 12 months to February, pushed by cheaper clothes.

The figures from the Office for National Statistics (ONS) come forward of Chancellor Rachel Reeves’ Spring Statement, the place she’s going to set out her financial plans.

Grant Fitzner, chief economist on the ONS, mentioned ladies’s clothes “was the biggest driver for this month’s fall”.

“This was only partially offset by small increases, for example, from alcoholic drinks.”