United Kingdom Inflation March 2016

United Kingdom

United Kingdom: Inflation increases in March

April 12, 2016

In March, consumer prices increased 0.4% over the previous month, which followed the 0.2% increase seen in February and marked the highest reading since August 2014. The figure reflected higher prices for food, particularly for vegetables.

Inflation was 0.5% in March, which came in above February’s 0.3%, thus hitting the highest reading in over a year. The figure was up from the 0.4% expected by the markets. Finally, annual average inflation in March was stable at February’s 0.1%.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel forecasts that inflation will average 1.3%.

Author:, Senior Economist

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United Kingdom Inflation Chart

United Kingdom Inflation March 2016

Note: Annual and monthly variation of consumer price index in %.
Source: Office for National Statistics (ONS) and FocusEconomics calculations.

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