Wednesday, 21 March 2012

Inflation in the UK continued to fall, reached to 3.4 percent in February

bank of england
Inflation in the UK continued to fall down from 3.6 percent in January to 3.4 percent in February.

Thus, inflation in the United Kingdom steadily declining since last September, and reached its lowest level since November 2010.

To a large extent contributed to the achievement of these indicators fall in spending on gas and electricity, which in February last year, on the contrary, increased. A significant increase noted in the last month was only the price of alcohol.

However, economists predicted a fall in inflation to 3.3 per cent per annum in February, slightly darkens the hopes of the government for a speedy reduction of pressure on consumer prices and increased buying activity, so necessary for the recovery is still fragile UK economy.

The level of inflation, defined by the Bank of England, as a target - 2 percent per annum. According to earlier estimates of the voiced the central bank, it can be reached by the end of this year.

Celebrated in the present rise in food prices and gasoline, according to expert forecasts, can only slow down the rate of decline in inflation, but does not change the overall trend.

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