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- UK consumer price inflation remains at zero in March
UK consumer price inflation remains at zero in March
The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index remained at zero in March, in line with expectations.
Consumer price inflation excluding food, energy, alcohol and tobacco prices fell to 1.0% in March from 1.2% the month before. Analysts had expected the index to remain unchanged at 1.2%.
The Retail Prices Index declined to 0.9% in March from 1.0% in February, in line with expectations.
The consumer price inflation is below the Bank of England's 2% target.
Clothing prices declined for the first time in March.
Factory gate prices decreased by 1.7% in March.
House prices inflation in the U.K. fell to 7.2% in February from 8.4% in January.
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