UK inflation fell by more than expected to 2.8% in the year to February, driven by cheaper clothing.

The figures from the Office for National Statistics (ONS) come ahead of Chancellor Rachel Reeves’ Spring Statement, where she will set out her economic plans.

Grant Fitzner, chief economist at the ONS, said women’s clothing “was the biggest driver for this month’s fall”.

“This was only partially offset by small increases, for example, from alcoholic drinks.”