Pedestrian walking past closed shops on a quiet Oxford Street in central London on Wednesday. Britain’s annual inflation rate fell in February as coronavirus curbs sparked heavy discounting for clothing and footwear. – AFPPIXBritain's annual inflation rate unexpectedly fell in February as coronavirus curbs sparked heavy discounting for clothing and footwear, official data showed on Wednesday, soothing market concerns over inflationary pressures.
In the UK, clothing and footwear saw the sharpest price falls in more than a decade, down 5.6% in the year to February.