British CPI rises by 0.3 percent in Feb.
Xinhua, March 23, 2016 Adjust font size:
British inflation rate as measured by the Consumer Prices Index (CPI) rose by 0.3 percent in February, unchanged from January 2016, the Office for National Statistics (ONS) said Tuesday.
According to ONS, the largest downward contribution came from the transport sector, from price changes for items such as road passenger transport, second-hand cars and bicycles. Meanwhile, rising food prices, particularly for vegetables, offset the downward.
Annual inflation has been below the Bank of England's 2 percent target for two years, and last year it was zero.
The bank estimated last month that it expected inflation to stay below 1 percent this year. Endit