UK inflation dropped in February to 0.4% as the third coronavirus lockdown brought with it a wave of discounting by clothing retailers and secondhand car dealers, according to official figures.
The cost of food, non-alcoholic drinks, games, toys and hobbies also increased in price at a lower rate than in January, pulling down the consumer prices index to a level far below a poll of City economists, who expected inflation to rise marginally from 0.7% last month to 0.8%.
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