Britain's inflation slows more than expected, but price pressures loom

Britain's inflation slows more than expected, but price pressures loom

Britain’s Consumer Price Index (CPI) slowed more than expected in March, offering temporary relief from inflation, but signs point to renewed price pressures ahead. According to data released by the Office for National Statistics (ONS) earlier this week, the CPI fell to 2.6 percent in March, down from 2.8 percent in February and below market expectations of 2.7 percent. The agency attributed the moderation in inflation mainly to a fall in prices…

UK Inflation Falls in March, but Pressures Mount for April – Famagusta Gazette

FAMAGUSTA GAZETTE – Britain’s Consumer Price Index (CPI) slowed to 2.6% in March, down from 2.8% in February and below market forecasts, according to the Office for National Statistics. The decline was driven by lower prices for entertainment, culture, and games. Despite the slowdown, banks are adjusting interest rates. National Savings and Investments, the UK government savings bank, raised its two-year bond rate to 4% and its three-year bond r…