The UK inflation rate as measured by the Consumer Prices Index (CPI) fell to 1.6% in March from 1.7% in February, according to the Office for National Statistics (ONS).
It is the third consecutive month inflation has been below the Bank of England’s 2% target rate, and the lowest rate since October 2009.
The largest contribution to the fall in the rate came from petrol prices.
The rate of Retail Prices Index (RPI) inflation also fell to 2.5% from 2.7%.
via SOURCE
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.