Summary
UK consumer prices soared to 3.4% in March, up from 3% in the previous month, on the back of higher costs for petrol and clothing, official figures have shown.
The rise in Consumer Prices Index (CPI) inflation rate was greater than analysts had expected. Retail Prices Index (RPI) inflation, which includes housing costs, also rose sharply to 4.4% in March from 3.7%.See the full content of this document
Extract
Consumer Prices Soar to 3.4% On Back of Higher Petrol Costs
The CPI inflation rate is the measure targeted by Bank of England interest-rate setters, while RPI is often used as a benchmark in wage negotiations.
...See the full content of this document
Sponsored links
