UK inflation slows more than expected to 2.8%

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In February, British inflation suddenly fell to 2.8 percent to promote Chancellor Rachel Reveless when he was going to give a high stake spring statement.

The annual growth of consumer prices reported by the Office of the National Statistics Office on Wednesday was a 2.9 percent of the $ 3 percent high in the Reuters survey.

The decline was due to the fall of clothing prices, which has decreased by 0.6% in 12 months, noting the first contraction since 2021.

However, the inflation of services, the main means of prices for the Bank of the Bank of England, which took place by 5% of February, by ONS. Economists predicted a decline of 1.9 percent.

MHA Accounting Company Economic Consultant Joe Nelis said that the fall of the title of the title is “welcome for the government Spring statement:However, it is unlikely to cancel the change of caution in the bank’s bank exchange rate in recent months. “

The existence comes as Reeves are scheduled to reduce more than 10 billion cost expenses to recover Hole of a simple finance Due to higher growth and higher borrowing costs.

Answering the inflation data, Darren Jonesi, Secretary General of the Treasury, said:

Traders prices have roughly 50/50 chance at the next BOE meeting, which is cut during the next Boe’s meeting, according to the levels that involve exchange markets slightly ahead.

Persistent prices forced the Central Bank to take a “gradual” approach to reducing the loan costs, despite the increase in lack. Last week Keeped it at a pace By 4.5 percent.

BOE expects Inflation In the third quarter, up to 3.7 percent, mainly due to high energy prices, before 2026 percent, about 2.5 percent, and 2027 reached a 2% target.

However, at the beginning of the month, the Central Bank warned that “it will pay great attention to the consequences of more prolific pressure.”

February sweat inflation is “Before the Storm”, according to the main economist of the British economy in the macroeconomic of the Pantheon.

He said that the increase in national livelihoods and employers’ national insurance payments announced on October 1

Wood said that while he expected to cut down the pace more than twice as much as BOEs more than twice.

“The wild card, however, is President Trump. The April 2 tariff may crystallize the riots for the world economy, which keep the monetary policy commission, “he said.

On Wednesday, separate data were rental prices in February, at a slow rate of mid-2023, pointing to tenants for ten years of ten years.

In February, the average monthly private fees increased by 8.1 percent a year, from 8.7 percent to 8.7 percent and 9.1 percent in January 2024.

It was the lowest annual interest rate since 7.9 percent registered in July 2023, according to the statistics agency.

In January of 12 months, the average price of the British house increased by 4.9% to 269,000, indicating the sixth row, taking property costs in two years.