"Hotel prices also fell and the cost of ferry tickets rose more slowly than past year, when prices were collected on Valentine's Day when many people could have been taking mini-breaks", he said.
Manufacturers increased the prices they charged by 2.6 percent compared with 2.8 percent in January, the slowest increase since November 2016 and slightly weaker than the Reuters poll consensus forecast of 2.7 percent.
"This fallback in inflation therefore provides little reason for the Bank of England to hold back from gradually raising interest rates", said Andrew Sentance, a former BoE rate-setter who is now an economic adviser with accountancy firm PwC. There is a speculation that the European Central Bank may raise its interest rates in May.
The lower inflation figures released today does not necessarily mean lower interest rates, said Annabel Bishop, a chief economist at Investec told Xinhua on Tuesday.
The country's inflation slowed down from 3% to 2.7%, which is the lowest level since July 2017. The data suggests that pressure on households as a result of accelerating inflation and wage stagnation may be over.
ONS figures due to be published on Wednesday are expected to show that pay growth edged up to an annual rate of 2.6 percent in the three months to January.
PolitiFact California: Trump Visits California People were not able to see them up close, as access to the prototypes is restricted. "They're all taking refuge". I will continue to zealously fight to defend our state laws and protect the public safety of all Californians.
Month-on-month, consumer prices increased 0.8 percent in February, slightly slower than the expected 0.9 percent.
The BoE expects wages to grow more quickly than inflation later this year.
However, the index increased 3.9 percent from the previous year period.
Khalaf said that while falling inflation should go some way to alleviating the consumer squeeze, annual price rises are still high for essential items like electricity, food and transport.
"We are increasing the National Living Wage which is already helping the lowest earners see their pay rise by nearly 7 per cent above inflation".
In the contrary, Luigi Marinus, portfolio manager at PPS Investments said, "This relatively low level of inflation will put pressure on the Reserve Bank to cut interest rates in their next meeting". As the post-referendum currency effect fell out of the year on year comparisons, price rises were always likely to ease back.
Jacob Deppe, the head of trading at online trading platform Infinox, added: "While the Monetary Policy Committee (MPC) meets on Thursday it seems highly unlikely that it will agree to hike rates just yet".
Following a fatal accident in Tempe, Arizona , Uber has suspended all self-driving tests on public roads across North America. Last year, Uber announced it was buying 24,000 Volvo XC90s, as it moved to grow its fleet of autonomous SUVs, from 2019.
In typical Auburn fashion, it was Jared Harper and Bryce Brown who delivered the daggers in the 62-58 victory on Friday night. Auburn will advance to the second round to take on the victor of the 5/12 matchup between Clemson and New Mexico State.
CAUSE FOR OPTIMISM: Michael Porter Jr . and Jontay Porter didn't immediately announce they were entering the draft after the game. No Seminoles player had more than nine points in the first half, but all 10 that played scored at least one basket.
It is the brainchild of Charlie Ebersol, the director of ESPN's 30 for 30 documentary on the XFL that was broadcast a year ago . The Alliance will feature eight teams with 50-player rosters, built primarily through regionally based allocation in the fall.
His economic nationalism became the lynchpin of Trump policies, even as many of his other ideas were rebuffed by policy rivals. McMaster, but is willing to take his time because he wants to avoid humiliating him as well as to have a successor ready.
The Premier League season is careering towards its inevitable conclusion, but there is still so much time for heaps of drama. But the reaction has been pretty negative, with Liverpool fans insisting Salah should keep No.11 and make it legendary.
This is done as a commemoration of St Patrick's Day , a yearly event that celebrates Irish culture and history . Celebrated properly, St Patrick's Christian inheritance should be free from all narrow political trappings.
Katy Perry Takes Subtle Dig at Taylor Swift on American Idol
She denied it and added: "You do something, there's going to be a reaction, and trust me daddy, there's going to be a reaction". At that point, Swift began to project her image as being above the fray. "I love her, as a songwriter, as well".
IDF Soldiers Killed, 2 Injured In West Bank Car Ramming Attack
Two explosive devices were detonated Thursday along the border, which had already provoked Israeli attacks on Hamas positions. Israel withdrew its troops and settlers from Gaza in 2005 but maintains tight control over the enclave's land and sea border.