UK inflation falls to 2.8% in boost for Rachel Reeves before spring statement

admin March 26, 2025 Leave a Comment

UK inflation falls to 2.8% in boost for Rachel Reeves before spring statement

Bigger-than-forecast decline in annual rate in February is positive news for chancellor in run-up to Commons address

UK inflation has fallen back to 2.8%, providing some positive news for Rachel Reeves before she makes her spring statement.

The Office for National Statistics said annual inflation as measured by the consumer prices index cooled last month, resuming a downward trajectory after an increase to 3% in January from 2.5% in December.

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