UK inflation rose slightly from 1.8 percent to 1.9 percent in February.

This was slightly ahead of expectations, which were for it to remain at 1.8 percent.

However, core inflation, which excludes more volatile components such as food and energy prices, moved the other way from 1.9 percent to 1.8 percent, demonstrating the “absence of domestic inflationary pressure,” Ben Brettell, senior economist at Hargreaves Lansdown said.

“Markets were broadly unmoved by the news, which will also do little to change the expected path of interest rates” he continued.

Philip Smeaton, chief executive at Sanl...