Inflation climbs to 3.4%
Inflation in the year to March rose to 3.4% according to the Office for National Statistics (ONS).
The consumer prices index, which is used by the Bank of England in its decisions on interest rates, was up from 3.0% in February. The retail prices index, which includes mortgage interest payments, also jumped to 4.4% from 3.7% in February.
The ONS cited rises in petrol prices, food and non-alcoholic beverages as reasons for the sharp increase in inflation.
Jörg Radeke, economist at the centre for economics and business research, commented: "The rise of annual inflation in March was above
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Wakam receives PRA approval for new £500m GWP UK insurer
- ABI stops short on voluntary premium finance cap as it sets out five principles
- LV claims director Milliner tipped for DLG role after exit