- The UK CPI increased by + 0.7% year-on-year in March compared to the + 0.8% expected.
- The UK monthly CPI reaches + 0.3% in March compared to the + 0.3% expected.
The 12-month rate of the consumer price index UK CPI has reached + 0.7% in March compared to the + 0.4% seen in February and below the + 0.8% expected, as reported by the UK Office for National Statistics (ONS) on Wednesday.
In the meantime, the core inflation gauge (excluding volatile food and energy prices) rose to 1.1% yoy last month compared to the + 0.9% registered in February, matching the forecast of + 1.1%.
On a monthly basis, figures have shown that UK consumer prices reached + 0.3% in March compared to the + 0.3% expected and rising from the + 0.1% seen the previous month.
Main points (via ONS):
The largest upward contribution to the 12-month inflation rate of the IPCH came from transportation.
Rising motor fuel and clothing prices led to the largest upward contributions to the change in the CPI 12-month inflation rate between February and March 2021.
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