Feb Inflation Steady Despite Rising Fuel....>

UK DATA: Feb Inflation Steady Despite Rising Fuel Costs

-UK Mar CPI +1.9% unchanged from Feb

-UK Mar Core CPI +1.8% y/y, unchanged from Feb

-UK Mar RPI +2.4% y/y vs +2.5% y/y in Feb, lowest since Nov 2016

-UK Mar CPIH +1.8% y/y, unchanged from Feb

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Consumer price inflation steadied at just under the Bank of 

England's 2.0% target in February, despite a strong upward push from 

rising fuel prices. The outturn matched the forecast of BoE staff, but 

fell slightly short of the MNI median of a 2.0% rise. Fuel prices rose 

by 1.0% between February and March, after sliding by 1.3% a year 

earlier, adding 0.07 percentage points to the change in annual CPI. The 

rate of inflation did tick slightly higher to 1.91% when taken to two 

decimal places, up from 1.87% in February.