UK inflation in February 2025.

The inflation rate in the UK in February decreased slightly to 2.8%, coming slightly below the expectations of the analysts, reported by the National Statistics Office (ONS) on Wednesday.

Economists interviewed by Reuters expected the consumer price index for the twelve months by February to reach 2.9%.

In January, the inflation rate increased sharply to 3%, after falling to 2.5%, which was expected in December.

The main inflation, which eliminates more volatile energy, food, alcoholic and tobacco prices, increased by 3.5%in February, which decreased in January compared to 3.7%.

“Solve the speed in February 2025 reflected down the four units and the upward deposit from the five units. The greatest contribution downstairs came from clothing and shoes, housing and household services, as well as rest and culture,” ” According to the agency.

Sterling Fell by 0.1% to the dollar, reaching 1.2925 after the data is released.

Last data will be food for the Bank of England, who left interest rates by 4.5% at a monetary policy meeting last weekAs the UK economy is fighting uncertainty around global trade policy, tariffs, predicted temporary inflation and stagnation at home are possible.

In a statement at the time, the Central Bank “World Trade Policy has intensified, and the US made a number of tariffs to which some governments responded.”

“Other geopolitical uncertainty has also increased, and the financial market volatility has grown globally,” he added.

U fight already had In February warned that inflation is expected to temporarily grow up to 3.7% In the third quarter of this year as energy costs are set. It also halved its growth forecast in 2025 for the UK to 0.75%.

Inflation data will be closely monitored by the British government when Finance Minister Rachel Reivz is preparing later on Wednesday to update legislators at its expenses and taxation plans as well as the country’s economic worldview.

It is expected that the Reiviz will announce the reduction of billions of pounds as a way to close the budget deficit caused by the borrowing costs after its first financial plan was released last fall.

The Finance Minister has already promised to follow his “financial rules” to ensure that daily expenses will be fulfilled by tax revenues and that state debt falls as a share of economic products up to 2029-30.

Riviz ‘ Spring statement It must be submitted in the parliament at about 12.30pm in London time and will be provided together with the latest economic forecasts on budgetary responsibility (OBR), an independent public watchdog.

OBR is Reportedly expected In order to reduce UK growth forecasts by 2025 and halve the preliminary estimate of 2%, and the smaller production volume exerts pressure on government borrowing and causes Riva to reduce government costs by £ 10 billion (12.96 billion).