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flag What Does the Steep Fall in Inflation Mean for UK Households?.

flag UK inflation fell to 3.4% in February, marking the lowest level since September 2021. flag This decline, driven by slower rises in food and eating out costs, has raised hopes that the Bank of England may start cutting interest rates as early as June, according to economists. flag Chancellor Jeremy Hunt suggested that the drop in inflation could allow further reductions in national insurance, potentially benefiting households.

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