CPI annual inflation rose to 3.1% for March, up from 2.8% in February, according to figures released...
CPI annual inflation rose to 3.1% for March, up from 2.8% in February, according to figures released today from the Office for National Statistics. RPI inflation also rose to 4.8% in March, up from 4.6% in February. Barry Naisbitt, chief economist at Abbey, said the figures revealed CPI inflation is at its highest level since records began in 1997. “Retail price inflation rose to 4.8%, the highest since July 1991. The pick up in inflation came not just from higher oil prices but also from food and furniture prices, amongst others.” Naisbitt said financial markets have now firmed up t...
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