‘Road ahead is anything but smooth’ as UK inflation dips
ONS figures show inflation fell to 2.8% in 12 months to February
ONS figures show inflation fell to 2.8% in 12 months to February
The BoE will be trying to avoid stagflation as economic growth becomes a top priority for future rate cuts
Marginally below the Bank of England’s forecast of 4.5%
An upside surprise versus consensus forecasts of a 0.1% fall
While construction output increased by 0.4% in November last year, production output fell by 0.4%
The Consumer Price Index rose yet again in November as fuel costs increased, making an interest rate cut unlikely
Falling below expectations of a modest 0.1% increase, according to the ONS
Below expectations of a 0.2% increase
Industry anticipates budget moves in light of UK borrowing reaching £16.6bn for September
Wage growth slows but unemployment rate decreases