UK inflation driven down by clothing and secondhand car discounts



Phillip Inman | The Guardian

UK inflation dropped in February to 0.4% as the third coronavirus lockdown brought with it a wave of discounting by clothing retailers and secondhand car dealers, according to official figures.

The cost of food, non-alcoholic drinks, games, toys and hobbies also increased in price at a lower rate than in January, pulling down the consumer prices index to a level far below a poll of City economists, who expected inflation to rise marginally from 0.7% last month to 0.8%.

To read the full article from the Guardian, please click here