United Kingdom Inflation Rate Firms At 0.3%

According to statistics from the Consumer Prices Index, the United Kingdom economy stays unchanged at 0.3% in February.

The Office for National Statistics (ONS) reveals the food prices saw the biggest rise, particularly vegetables, but transport costs fell.


Annual inflation has been below the Bank of England’s 2% target for two years, and last year it was zero.
The Bank said last month that it expected inflation to stay below 1% this year.

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Other figures published by the ONS at the same time indicated that Chancellor George Osborne is close to missing his target for cutting the country’s budget deficit in the 2015-16 financial year.

Government borrowing fell less than expected in February, coming in at £7.1bn, according to the ONS.

That brings the total deficit for the 11 months of the year so far to £70.7bn, as against the chancellor’s full-year target of £72.2bn.


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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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