Mortgage News
UK inflation falls to 3.4% in February
CPI annual inflation fell to 3.4% in February, down from 3.6% in January, according to the Office for National Statistics (ONS).
According to the ONS, the largest downward pressures originated from domestic electricity and gas, recreation and culture, and transport. The pressures were partly offset by sales of alcohol and vegetables.
Retail Prices Index (RPI) inflation – including mortgage interest payments – fell to 3.7% from 3.9%.
Inflation has been falling steadily since September and the CPI rate is now at its lowest since November 2010.
