The number surprised experts who had expected a rise in energy bills to push prices up at a faster rate.
However, the monthly drop in the price of food, including items such as crackers, cake and crisps helped offset the rise in electricity and gas costs.
However, the monthly drop in the price of food, including items such as crackers, cake and crisps helped offset the rise in electricity and gas costs.
Slower price rises for many furniture and household goods also helped keep inflation lower, as retailers offered big discounts in a bid to clear the shelves after disappointing sales in the run-up to Christmas.
Overall, food prices are still relatively high, however, with sharp rises seen in the past two years.
Prices rose sharply after Russia’s invasion of Ukraine, which had a big impact on energy prices and grain supplies. Bad weather in Europe and North Africa and labour shortages in the UK have all affected crops too.
Housing and household services, including gas and electricity charges, made the biggest upward contribution to inflation with the typical annual household bill now £1,928, a rise of £94, since January.
However, the monthly drop in the price of food, including items such as crackers, cake and crisps helped offset the rise in electricity and gas costs.
The number surprised experts who had expected a rise in energy bills to push prices up at a faster rate.
Slower price rises for many furniture and household goods also helped keep inflation lower, as retailers offered big discounts in a bid to clear the shelves after disappointing sales in the run-up to Christmas.
However, the monthly drop in the price of food, including items such as crackers, cake and crisps helped offset the rise in electricity and gas costs.
However, the monthly drop in the price of food, including items such as crackers, cake and crisps helped offset the rise in electricity and gas costs.
Slower price rises for many furniture and household goods also helped keep inflation lower, as retailers offered big discounts in a bid to clear the shelves after disappointing sales in the run-up to Christmas.
Overall, food prices are still relatively high, however, with sharp rises seen in the past two years.
Prices rose sharply after Russia’s invasion of Ukraine, which had a big impact on energy prices and grain supplies. Bad weather in Europe and North Africa and labour shortages in the UK have all affected crops too.
Housing and household services, including gas and electricity charges, made the biggest upward contribution to inflation with the typical annual household bill now £1,928, a rise of £94, since January.
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