You are here: Home - Household Bills - News -

UK inflation remains static at 0.3% in February

Written by:
UK consumer price inflation remained at 0.3% in February, according to figures from the Office for National Statistics (ONS).

Rising food prices, particularly for vegetables, offset the downward contribution from the transport sector, which included price changes for items such as road passenger transport, second-hand cars and bicycles.

This is the fourth consecutive month inflation has been in positive territory but the figure is still well below the Bank of England’s official 2% inflation target.

“Low inflation coupled with an anaemic outlook for the global economy, means there is little appetite from the Bank of England to raise UK rates any time soon,” said Maike Currie, investment director for personal investing at Fidelity International.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
lifetime isa
‘Vote winning’ lifetime ISA will harm pension saving

The new lifetime ISA is a ‘vote winning’ strategy that could have a ‘detrimental effect’ on retirement saving in the...