UK consumer price inflation slowed in February driven by motor fuels and computer games and output price inflation reached its lowest since mid-2016, data from the Office for National Statistics showed Wednesday.
Consumer prices advanced 1.7 percent from last year, as expected, slower than the 1.8 percent gain in January. This was also below the central bank's 2 percent target.
Meanwhile, core inflation that excludes energy, food, alcoholic beverages and tobacco, rose to 1.7 percent from 1.6 percent in January. The expected rate was 1.5 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.