In­fla­tion is still fall­ing

Midweek Sport - - NEWS -

IN­FLA­TION in the UK con­tin­ued to fall in Fe­bru­ary, thanks largely to lower gas and electricity bills.

Con­sumer Prices In­dex (CPI) in­fla­tion fell to 3.4% in Fe­bru­ary, down from 3.6% in Jan­uary, ac­cord­ing to the Of­fice for Na­tional Sta­tis­tics (ONS).

Re­tail Prices In­dex in­fla­tion - in­clud­ing mort­gage in­ter­est pay­ments - fell to 3.7% from 3.9%.

In­fla­tion has now fallen steadily since Septem­ber and the CPI rate is at its low­est since Novem­ber 2010.

The Bank of Eng­land’s tar­get for in­fla­tion - the rate at which prices are ris­ing - is 2% CPI.

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