UK inflation falls to 2.8% ahead of Rachel Reeves’s spring statement – business live
Rolling coverage of the latest economic and financial news.Further benefits cuts planned as Rachel Reeves forced to find extra £1.6bnFive economic factors that will govern Rachel Reeves’s spring statementONS chief economist Grant Fitzner reports that alcoholic drinks prices have risen:“Inflation eased in February. Clothing prices, particularly for women’s clothes, was the biggest driver for this month’s fall.“This was only partially offset by small increases, for example, from alcoholic drinks.”The easing in the annual rate was mainly the result of a large downward effect from garments for women, with small downward effects coming from a range of women’s clothing items.There were additional small downward effects from children’s clothing, and other clothing and clothing accessories, such as hats and women’s scarves. Continue reading...
Rolling coverage of the latest economic and financial news.
- Further benefits cuts planned as Rachel Reeves forced to find extra £1.6bn
- Five economic factors that will govern Rachel Reeves’s spring statement
ONS chief economist Grant Fitzner reports that alcoholic drinks prices have risen:
“Inflation eased in February. Clothing prices, particularly for women’s clothes, was the biggest driver for this month’s fall.
“This was only partially offset by small increases, for example, from alcoholic drinks.”
The easing in the annual rate was mainly the result of a large downward effect from garments for women, with small downward effects coming from a range of women’s clothing items.
There were additional small downward effects from children’s clothing, and other clothing and clothing accessories, such as hats and women’s scarves. Continue reading...
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