UK inflation slowed to 2.8% in February but fresh climb expected

British inflation decreased to an annual rate of 2.8% in February from January's 3.0%, offering brief respite for consumers. This aligns with the Bank of England's projection, amidst expectations of a 3.75% peak in the third quarter due to rising energy and utility costs. Services inflation remained steady at 5.0%, closer to the central bank's estimates.