UK inflation climbs to 0.7 per cent in March
(AFP via Getty Images)
The UK’s Consumer Prices Index (CPI) rose to 0.7 per cent in March, from 0.4 per cent in February, official ONS figures showed this morning.
CPI was boosted by rising fuel costs and clothing but was partially offset by falls in the price of food.
The ONS said prices charged by manufacturers rose by 1.9 per cent in the year to March, the highest in nearly two years.
The prices they paid for their inputs jumped by almost 5.9 per cent, the most since September 2018.
British inflation is forecast to rise sharply in the coming months, due to an increase in household energy bills in April and higher global oil prices.
20
th April 2021 8:40 am
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