U.K: Inflation eased down to 3.4% in February

Tuesday, 20 March 2012 02:25

According to Office for National Statistics inflation level in U.K. decline to 3.4%, as expected.

January’s reading showed CPI at 3.6%.

The seasonally adjusted Consumer Price Inflation increased by 0.6% in February, disappointing expectations for only 0.4% growth.

 The target of BoE is the same as European Central Bank’s do reduce inflation level to 2.0%.

Euro area’s CPI in February reached 2.7%.