UK inflation falls less than expected over March to 3.2%

‘Signs of deeper persistence’

clock • 2 min read

The Consumer Prices Index (CPI) rose by 3.2% on a yearly basis in March, down from 3.4% in February, but higher than the 3.1% forecast by economists.

In a statement published today (17 April), the Office for National Statistics said the easing in the rate between March and February was due to prices rising by 0.6% on the month, compared to a 0.8% rise in the previous year. Core inflation, which excludes energy, food, alcohol and tobacco, fell from 4.5% in February to 4.2%. UK inflation beats expectations as it drops to 3.4% Michael Brown, senior research strategist at Pepperstone, said the figures indicate that progress is being made towards reaching the Monetary Policy Committee's 2% target, and this needs to continue to keep t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Resolution Foundation calls on Reeves to rewrite fiscal rules to achieve growth
UK

Resolution Foundation calls on Reeves to rewrite fiscal rules to achieve growth

'Almost no room for additional borrowing'

Linus Uhlig
clock 14 October 2024 • 1 min read
Labour turns to 'kitchen sinking' ahead of Budget as it faces 'Herculean task' to revive growth
UK

Labour turns to 'kitchen sinking' ahead of Budget as it faces 'Herculean task' to revive growth

'Painful' fiscal experience

Sorin-Andrei Dojan
clock 14 October 2024 • 4 min read
Deep Dive: Investors pin hopes of UK outflows reversal on brighter growth and policy reforms
UK

Deep Dive: Investors pin hopes of UK outflows reversal on brighter growth and policy reforms

Valuations not enough to turn the tide

Valeria Martinez
clock 11 October 2024 • 5 min read
Trustpilot