Inflation stuck below expectations at 0.3% in February

No change from previous month

The rate of inflation in the UK has remained at 0.3% in February, the same level as the previous month and below economists' expectations.

In January, UK inflation hit its highest level in 12 months, increasing by 0.3% year-on-year, but is still way off the Bank of England's 2% target. UK inflation edges to year high in January despite tumbling oil prices February saw no change in this rate, despite expectations the rate would edge up again last month, with some commentators forecasting a slight uptick to 0.4%. The latest figures from the Office for National Statistics (ONS) also indicate that contributions to the change in the Consumer Price Index (CPI) rate from each sector of the economy were relatively small compa...