Cheaper clothing pushes down UK inflation

UK inflation fell by more than expected in February, driven by a drop in the prices of clothes and shoes.
Inflation decreased to 2.8%, down from a rate of 3% in January, according to the Office for National Statistics (ONS).
The latest figures come ahead of Chancellor Rachel Reeves’ Spring Statement, where she will set out her economic plans.
Grant Fitzner, chief economist at the ONS, said women’s clothing “was the biggest driver for this month’s fall”.
Overall prices for clothing and footwear fell by 0.6% in the year to February, with children’s clothing and accessories such as hats and scarves also having an impact.

Courtesy: BBC