UK inflation falls to 3.2%, the lowest level since September 2021
Bank of England will examine CPI figure closely when considering possible interest rate cutBusiness live – latest updatesThe UK’s annual inflation rate fell in March for a second consecutive month, dropping to 3.2% – a two-and-a-half-year low – easing pressure on households amid the cost of living crisis.Figures from the Office for National Statistics (ONS) show inflation continued to fall from 3.4% in February, as food prices rose at a slower pace than a year earlier. City economists and the Bank of England had forecast a slightly larger decline to 3.1%. Continue reading...
Bank of England will examine CPI figure closely when considering possible interest rate cut
The UK’s annual inflation rate fell in March for a second consecutive month, dropping to 3.2% – a two-and-a-half-year low – easing pressure on households amid the cost of living crisis.
Figures from the Office for National Statistics (ONS) show inflation continued to fall from 3.4% in February, as food prices rose at a slower pace than a year earlier. City economists and the Bank of England had forecast a slightly larger decline to 3.1%. Continue reading...
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