Inflation in the UK was 1.9% in February

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In February, UK inflation accelerated to 1.9% from 1.8% in January, the Office for National Statistics reported. Experts predicted that consumer prices in February would maintain an annual growth of 1.8%. In monthly terms, consumer prices increased by 0.5%, while a month earlier their decline was recorded at 0.8%. Economists had expected a 0.5% increase. The inflation rate, which does not take into account the price of energy, food, alcohol and tobacco, rose by 1.8%, slowing compared with the growth by 1.9% in January. The headquarters also reported a 2.5% increase in retail prices in the previous month compared to the same period a year earlier and a 0.7% increase compared with January. Housing prices rose by 1.7% year-on-year, showing the lowest rates since 2013.

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