Keith Bailey, Man Hospitalized In Pedestrian Crash At Mondawmin Mall, Recovering From Injuries

Reuters

Slump in clothes prices causes surprise UK inflation dip

British inflation unexpectedly fell last month, reflecting the biggest annual drop in clothing prices since 2009 and cheaper second-hand cars, toys and computer games, though most economists see sharper price rises ahead. The annual rate of consumer price inflation dropped to 0.4% in February from 0.7% in January, the Office for National Statistics said, in contrast to economists’ average forecast in a Reuters poll of a rise to 0.8%. “The impact of the pandemic has disrupted standard seasonal patterns,” ONS Deputy National Statistician Jonathan Athow said.