Summary
The UK's inflation rate stayed at 3% in February. The increase in clothing prices pushed the rate up, while a drop in petrol costs helped balance it out. The data was collected before the US-Israel war with Iran, which might increase inflation.
Key Facts
- UK inflation rate remained at 3% in February.
- The main reason for inflation was a rise in clothing prices.
- Petrol prices fell, which helped balance inflation.
- Data was collected before the US-Israel war with Iran started, which could impact future inflation.
- Clothing and footwear prices increased by 0.9% over 12 months.
- Discounted alcohol contributed to lower inflation, with alcohol and tobacco inflation at its lowest since February 2022.
