"The Consumer Prices Index 12-month rate was 2.7 percent in February 2018, down from 3.0 percent in January 2018", the Office for National Statistics said in a statement on Tuesday.
However, she expected the Consumer Price Index (CPI) inflation to average around 5.5 percent for next year.
The lower inflation figures in February beat economists' consensus of 4.2 percent.
Tuesday's weaker-than-expected figure is unlikely to prompt a rethink among investors about their bets that the BoE will raise interest rates again in May for only the second time in more than a decade.
"A small fall in petrol prices alongside food prices rising more slowly than previous year helped pull down inflation", Phil Gooding, the ONS' head of consumer price inflation said.
Economists and the Bank of England believe inflation's upward march has run its course and will start to unwind in 2018.
"The UK recovery is now almost nine years old, and yet our official interest rate is exactly where it was nine years ago".
Despite the fall in inflation, many households are still feeling pressure in their budgets.
February's slowdown however calls into doubt whether the Bank of England will increase its main interest rate this Thursday as expected ahead of the latest data.
Phil Gooding, ONS head of CPI, said: "A small fall in petrol prices alongside food prices rising more slowly than a year ago helped pull down inflation, as numerous early 2017 price increases due to the previous depreciation of the pound have started to work through the system".
The central bank bases its interest rate decisions on what inflation is likely to be six to twenty-four months in the future, instead of what it has come out recently at, Bishop added. It expects wages to grow more quickly than inflation.
Khalaf said that while falling inflation should go some way to alleviating the consumer squeeze, annual price rises are still high for essential items like electricity, food and transport.
"Whilst we are moving back towards a position where there will be growth in real wages, that is wages adjusted for inflation, any substantial growth in real living standards is still some way off".
Prices in London alone were 2.1 percent higher than a year earlier compared with a 1.8 percent rise in December.
The BoE warned in February that it will raise interest rates faster than markets had been expecting if the inflation outlook evolves in line with its latest set of forecasts.
Reports indicate the bridge, which was due to open in 2019, may have been undergoing stress testing at the time of the collapse. It was touted as an innovative "instant" bridge because of how quickly it could be constructed, the Miami Herald reported.
Like the 2017 event, the city chose to shorten the parade route this year following heavy snowfall from a nor'easter on Tuesday. Police said those arrests were city-wide, which includes the South Side, North Side, downtown, and other areas.
Indian officials privately said that life had become "very difficult" for diplomats at the Indian High Commission in Islamabad . India also asked Pakistan for a probe into the fresh incidents while asking for the results of the probe to be shared with it.
When I'm not scrolling through various timeline's I'm researching skin care regiments and watching the Cleveland Cavaliers. However, hinting that their ongoing feud wasn't quite dead yet, Katy continued: "I love her... as a songwriter... as well".
Cody Martin led the way for the Wolf Pack, scoring 25 points in the comeback effort, along with seven assists and six boards. Their comeback was already epic, but it got that much better when the Titanic music was added to it.
The pair were together at the coastal destination Playa del Carmen, in the state of Quintana Roo, according to a U.S. Kevin Esterly, 45, (R) was arrested in Mexico Saturday almost two weeks after he vanished with a 16-year-old girl.
These include no penalties for Iran's missile work and support for militant groups in Lebanon, Syria, Yemen and elsewhere. That could prompt the Iranians to walk away as well, and perhaps even restart nuclear activities banned under the accord.
The team signed LeGarrette Blount to a one-year $4.5 million contract on Friday, according to NFL Network . At 31, it's reasonable to think he may have a limited role with the Lions but that may not be the case.
The agreement must now be agreed upon by the EU's 27 member states at the European Council summit later this week. The thorny issue will, however, require further talks to be fully resolved, the two sides said.
Two explosive devices were detonated Thursday along the border, provoking Israeli attacks on Hamas positions. Israeli tanks on Saturday fired shells at the eastern border of Gaza, said an Israeli military spokesman.
Leicester City boss Claude Puel won't hear criticism of Kasper Schmeichel after their FA Cup quarterfinal defeat to Chelsea . Manchester United and Tottenham Hotspur, who won their respective quarter-finals on Saturday, will contest the other tie.
EPL: Mourinho tells Manchester United players to "grow up"
He is also right that Pep Guardiola - despite spending similar amounts - inherited a much better squad at Manchester City . The injuries and suspensions mean there will are likely to be starts for Markus Suttner , Beram Kayal and Solly March .