Underlying Inflation Comes Back On Target

The latest data from the Office of National Statistics shows that the rate of inflation fell during February, making a rise in interest rates less likely.

The underlying rate of inflation, which last month slipped over the 2.5% target set by the Government, dropped back again last month, to 2.2%. The headline rate was 1%.

The Retail Prices Index for February 2002 was 173.8.

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