As expected, U.K. CPI has fallen further away from the Bank of England's 2% target, dropping to 1.7% on year in February from 1.9% in March.
"The largest contribution to the fall in the rate came from transport (principally motor fuels), with other smaller effects from the housing & household services and clothing & footwear sectors," the U.K. government says.
On month, CPI recovered to +0.5% from -0.6% and vs +0.5% consensus.
Core CPI +1.7% on year vs +1.6% and +1.6%. (PR)
Factory output prices (PPI) flat on month +0.3% and +0.2%. (PR)
The pound is flat at $1.6498, while the FTSE 100 is +1.1%.