UK consumer prices gain 1.9% in year through March

Mittwoch, 17. April 2019 10:31

Inflation was unchanged last month in Britain, as the Office for National Statistics said on Wednesday that consumer price growth stayed at 1.9%, compared to a flat 1.8% reading for the core index, which excludes volatile items like food and energy. The data surprised to the downside. Both measures grew by 0.2% in March alone. Headline inflation was 0.5% in February, with the underlying indicator rising by 0.6%.

If owner occupiers' housing costs are stripped out, the annual rate stayed at 1.8%, the lowest since January 2017. The CPIH, which the UK considers to be the most comprehensive gauge, added 0.2% in the reporting month.

Prices were underpinned mostly by advances registered for fuel and clothing, against downward pressure from recreational and cultural goods, food and motor vehicles. Conversely, clothing and footware had a small dip in the 12-month rate, while housing and household services gave the biggest pull up.

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