The figures published today (20 March) beat expectations, which had forecast a reading of 3.5% for the month.
Economists flag potential historic divergence between BoE and OBR growth forecasts
The fall in inflation was a result of prices rising by 0.6% in February, the ONS said, compared with a 1.1% increase a year prior. Between January and February, prices rose by 0.2%, a significant drop from 2.1% a year ago.
Food, restaurants and cafes made the biggest detractions to CPI, while housing and housing services and motor fuels made the biggest upward contributions to the figure.
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