UK inflation drops slightly but still remains over 10%, increasing prospect of rate hike
Consumer Prices Index rose 10.1% in March, driven by the strongest increase in food prices in more than four decades
Britain’s inflation rate remained stubbornly high in double digits in March, another surprisingly strong reading that will strengthen the case for more interest rate rises at the Bank of England.
The Consumer Prices Index rose 10.1 per cent from a year ago, driven by the strongest increase in food prices in more than four decades, the Office for National Statistics (ONS) said on Wednesday. The reading was below February’s 10.4 per cent, but was higher ...