U.K. Inflation Rate Remains at 0.3%, Far Below BOE's Target
- Statistics office says rate at `historically low levels'
- Transport costs pushed down annual inflation in Feb.
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The U.K.’s inflation rate was unexpectedly unchanged in February, remaining far below the Bank of England’s 2 percent goal.
Annual consumer-price growth was at 0.3 percent, the Office for National Statistics said in London on Tuesday. Economists had forecast an acceleration to 0.4 percent. Core inflation, which excludes volatile food and energy prices, held at 1.2 percent.