Achi news desk-
It marks the lowest level since September 2021, but was nevertheless slightly higher than economists had expected.
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Economists had predicted a reading of 3.1% for the month.
In the year to March 2024:
▪️ The Consumer Price Index including owner occupier housing costs (CPIH) rose by 3.8%, unchanged from February
▪️ Consumer Price Index (CPI) rose 3.2%, down from 3.4% in February.
➡️ https://t.co/nCQnoLmeo5 pic.twitter.com/3cwyIBnHxH
— Office for National Statistics (ONS) (@ONS) April 17, 2024
ONS chief economist Grant Fitzner said: “Inflation eased slightly in March to its lowest annual rate for two and a half years.
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“Once again, food prices were the main reason for the fall, with prices rising less than we saw a year ago.
“As with last month, we saw a partial offset due to the increase in fuel prices.”
