Weekly CPA – UK Economic Update – 28 March 2025

Weekly CPA – UK Economic Update – 28 March 2025

Date Published

28 March 2025

Document Type

Category

Author

TDUK

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Summary

ONS UK CPI Inflation (February 2025): UK CPI inflation slowed marginally from 3.0% in January 2025 to 2.8% in February. It was below the 2.9% forecast by economists, according to Reuters.

The marginally slower inflation was due to a fall in clothing prices, which declined 0.6% in the 12 months to February, marking the first contraction since October 2021. Core CPI inflation, which excludes energy, food, alcohol, and tobacco, fell from 3.7% in January to 3.5% in February.