Economics
U.K. Inflation Slows More Than Expected as Pound Shock Fades
- Consumer prices increase annual 2.7% vs estimated 2.8%
- Slowdown is positive news for squeezed British consumers
UniCredit's Erik Nielsen Says Brexit Is Negative for All, But More So for the U.K.
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The U.K. inflation rate fell more than expected in February as the impact of the pound’s post-Brexit referendum slide abated.
Consumer prices rose 2.7 percent from a year earlier, down from 3 percent in January, the Office for National Statistics said on Tuesday. Economists expected an increase of 2.8 percent. The core inflation rate gained 2.4 percent.