UK Inflation Rate YoY (Mar) Y/Y 3.3% vs. Exp. 3.3% (Prev. 3%, Low. 3.1%, High. 3.5%)
Importance
Level 1
ONS comments:
- "Inflation climbed in March, largely due to increased fuel prices, which saw their largest increase for over three years. Airfares were another upward driver, alongside rising food prices."
- "The monthly cost of both raw materials for businesses and goods leaving factories rose substantially, driven by higher crude oil and petrol prices."