The latest data on the United Kingdom's Core Consumer Price Index (CPI) for February 2024 has been released, showing a decrease from the previous month. In January 2024, the Core CPI stood at 5.1%, but it has now dropped to 4.5% in February 2024. This change is measured on a year-over-year basis, comparing the data for February 2024 to the same month a year ago.
The Core CPI is an important indicator of inflation as it excludes volatile items such as food and energy prices, providing a more stable measure of price changes. The update on the Core CPI was made available on 20th March 2024, shedding light on the country's economic conditions and the impact on consumer prices. This decrease in the Core CPI may have implications for monetary policy decisions and economic forecasts moving forward in the United Kingdom.
