UK inflation rate remained at 3% in February

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The UK inflation rate stayed at 3% in February, largely in line with expectations, driven mostly by a rise in the price of clothing.

The figures from the Office for National Statistics (ONS) were collected before the US-Israel war with Iran began, which is expected to cause a rise in inflation.

Inflation, which measures the rate of price increases, has remained "sticky" after a period of steady falls.

Although the rate of inflation has fallen, prices themselves are not coming down, but simply rising at a slower pace.


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