The UK’s inflation rate dropped in February, for the first time since September and by more than economists had forecast.
Consumer prices rose three percent, after January’s 14-month high of 3.5. Analysts had predicted the rate rise would be 3.1 percent.
The decrease is being put down to a fall in the prices of toys, games, books and gas bills. The news is likely to raise hopes that inflation has peaked and will drop back below the Bank of England’s two percent target by the end of the year.