UK March CPI: Downbeat across all indicators

Dhwani Mehta FXStreet

The UK Consumer Prices Index (CPI) 12-month rate came weaker at 2.5% in March, down from 2.7% booked in February and against 2.7% anticipated, the UK Office for National Statistics (ONS) reported this Wednesday.

Meanwhile, the core inflation gauge also ticked lower in March, coming in at 2.3% y/y, down from previous month's reading of 2.4% and 2.5% expected.

On monthly basis, the UK inflation dropped to 0.1% in March vs. 0.4% last month and expectations of 0.3%.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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