Watch PMQs: Rishi Sunak to face MPs as economists say that UK will hit inflation targets
Britain is on track to hit the Bank of England’s target to reduce inflation to 2pc by April, according to economists.
The consumer prices index (CPI) fell to in February, down from 4pc the previous month, according to the Office for National Statistics (ONS).
The decline in price rises was sharper than analysts’ predictions of a fall to and is the lowest reading since September 2021, when inflation stood at .
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