Inflation falls to 2.8% in boost for Rachel Reeves ahead of spring statement

UK inflation has decreased, with the Consumer Prices Index falling to 2.8% in February from 3% in January, according to the Office for National Statistics. This news comes as Chancellor Rachel Reeves prepares to deliver her spring statement, where spending cuts are expected to be announced. The easing inflation is seen as positive for efforts to reduce the cost of living, with clothing prices being a key driver of the decrease.

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