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%.
Author: Dirina Mançellari, Senior Economist