Weaker Inflation Should Stave Off Rates Rise Consumer Prices Index Measure of 1.6% Matches January Level
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Summary
THE Bank of England looks ever less likely to have to raise UK interest rates before the expected May 5 general election, after inflation figures proved weaker than expected yesterday.
National Statistics said annual UK inflation on the consumer prices index measure - which the Bank is charged with keeping at 2% - was 1.6% in February. This matched the level in January, and defied City expectations of an uptick to 1.7%.See the full content of this document
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Weaker Inflation Should Stave Off Rates Rise Consumer Prices Index Measure of 1.6% Matches January Level
Core components such as clothing and household goods are still showing price falls compared with a year earlier - signalling retailers are unable to pass on higher factory gate prices to consumers.
Opinion had been building in the ...See the full content of this document
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