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%.
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