07 April 2026
The UK’s annual Consumer Price Index (CPI) inflation rate remained unchanged at 3% in February 2026, according to the latest data from the Office of National Statistics (ONS).
The reason we inform you of the CPI, is because it not only affects business operating costs, but also statutory payments levels. Typically, in the Autumn Budget, payments increase by the September CPI rate. The policy team therefore track these rates throughout the year, and share the findings with you.
Although February’s figures showed no change, economists suggest that this period of stability masks potential future volatility. With the next CPI update due to be released on the 22 April, we will continue to monitor developments and share any key updates.
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