Investing.com - The annual rate of change in Britain's consumer price index fell to 2.7% last month the Office for National Statistics said on Tuesday.
This was compared to 3.0% in the previous month.
Economists had forecast a reading of 2.8%.
Month-over-month, consumer price inflation rose 0.4% in February.
That compared to a decline of 0.5% in January.
Analysts had expected a gain of 0.5%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose at a seasonally adjusted rate of 2.4% last month, below forecasts for 2.5%.
Core inflation advanced 2.7% in January.
Month-on-month, RPI increased by 0.8% in February, matching consensus.
RPI fell 0.8% in January.
Core RPI increased at an annualized rate of 3.6% in last month, lower than the 4.0% rise registered a month earlier.
Month-on-month, core RPI rose by 0.8% in February, compared to the 0.7% drop in the previous month.
The data also showed that the house price index rose 4.9% in February.
Economists had forecast a gain of 5.1%.
January’s data was revised down to a rise of 5.0% from an initial 5.2% gain.
The ONS indicated that the largest downward contributions to the change in the rate came from transport and food prices, which rose by less than a year ago, while falling prices for accommodation services also had a downward effect.
“Rising prices for footwear produced the largest, partially offsetting, upward contribution, ONS said in the report”.