Annual rate as measured by consumer prices index dropped to 10.1% in March, says ONS
UK inflation fell by less than expected in March, sticking in double figures as households came under pressure from food and drink prices soaring at the fastest annual rate since 1977.
The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index fell to 10.1% last month, resuming a downward trajectory after an unexpected rise to 10.4% in February. Inflation had peaked at 11.1% in October. City economists had forecast a drop to 9.8%.
Continue reading…Annual rate as measured by consumer prices index dropped to 10.1% in March, says ONSUK inflation fell by less than expected in March, sticking in double figures as households came under pressure from food and drink prices soaring at the fastest annual rate since 1977.The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index fell to 10.1% last month, resuming a downward trajectory after an unexpected rise to 10.4% in February. Inflation had peaked at 11.1% in October. City economists had forecast a drop to 9.8%. Continue reading…