Chancellor responds to inflation figures - February 2026

Consumer price inflation, UK: February 2026

Chancellor of the Exchequer Rachel Reeves said:

“In an uncertain world we have the right economic plan, taking a responsive and responsible approach to supporting working people in the national interest.

“We're taking £150 off energy bills and providing targeted support for those facing higher heating oil costs. We're also acting to protect people from unfair price rises if they occur, bring down food prices at the till, and cut red tape to boost long-term energy security — building a stronger, more secure economy.”