United Kingdom: Inflation stable in March
April 14, 2015
In March, consumer prices rose 0.2% over the previous month, which followed the 0.3% increase seen in February. March’s figure reflected that higher prices for motor fuels and food more than offset lower prices for gas and clothing.
Annual inflation recorded a flat figure in March, thus matching February’s record low reading. March’s reading was in line with market expectations. Annual average inflation inched down from 1.2% in February to 1.1% in March, thus marking the lowest reading since June 2001.
Author: Dirina Mançellari, Senior Economist