Figures come ahead of the Bank of England’s decision on interest rates on Thursday
British finance minister Jeremy Hunt said the fall in inflation shown in data published on Wednesday would “open the door” for the Bank of England to cut interest rates.
British consumer prices rose by a slightly weaker-than-expected 3.4 per cent in annual terms in February, slowing from a 4 per cent increase in January, and the lowest rate of inflation since September 2021, the Office for National Statistics said.Core inflation, which excludes energy, food and tobacco prices, also slowed to 4.5 per cent, down from 5.1 per cent in January. The Reuters poll had pointed to a reading of 4.6 per cent.
Services inflation, which the BoE watches closely, slowed to 6.1 per cent from 6.5 per cent in January, the ONS said. - ReutersDublin publican puts up €20,000 gate at city laneway after drug use, assaults and dumpingWednesday’s Top Stories: Court action launched against PhoneWatch and HomeSecure; Thousands of staff to be hired in HSE despite recruitment freeze
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Expert says Blu Hydrangea 'will win' & who is falling behind ahead of DWTS finalThe concluding episode of the competition is coming fast on the horizon and just four contenders remain - Wild Youth musician David Whelan, Drag Race star Blu Hydrangea, Paralympian Jason Smyth and 2FM star Laura Fox
Read more »
Gaping hole in Sinn Féin budget figures revealed by finance officialsNew documents show that the party’s costing of its alternative budget were tens of millions wide of the mark
Read more »
DAA paid out more than €56m in redundancy or severance to staff, figures showDetails of these and other payments set out by Department of Transport in answer to series of parliamentary questions
Read more »
Government figures already conceding defeat as No-No votes likelyCounting is now under way in twin referendums on proposed changes to the Constitution in Ireland
Read more »
Clare remain in promotion hunt while Leitrim upset LaoisSligo and Offaly finish all square while Longford overcome Carlow
Read more »
Slade Steel confirms successful transition period for De Bromhead-Blackmore teamCorbetts Cross lands National Hunt Chase in a canter to seal apt success for Emmet Mullins
Read more »