The inflation rate in the United Kingdom fell to 3.4% in February, the lowest level in nearly two and a half years. Inflation has been pushed down by a slower pace of food price rises, alongside a slowdown in the prices of restaurants, hotels, and soft drinks. It must be stated that the cost of living crisis is not being alleviated; however, prices are rising slower than previously. In January and February, Inflation was at 4%. The highest rate of inflation was recorded at 11.1% in October 2022. The Bank of England remains set on its target of 2%.