Inflation increases to 3.5% in March

Inflation in the UK increased to 3.5% during March, as upward pressures on inflation came from food, clothing and the recreation and culture sectors. The CPI (consumer price index) rate increased from 3.4% in February , while the RPI (retail price index) rate shrank to 3.6% from 3.7% in February.

Prices in the food and non-alcoholic beverages sector fell by 0.5% between February and March, a lower rate than recorded during the prior year period, while increased fruit, meat and bread and cereals prices impacted the sector. In the clothing and footwear sector overall prices rose by 2.2% between February and March, while a slower rate of decline in the recreation and culture sector also helped push inflation upwards.

The biggest downward pressures on inflation came from the housing and household services sector where prices fell by 0.2% overall and the transport sector.

 

source “http://www.fundweb.co.uk/1049808.article?cmpid=14002&email=true¬†”