UK inflation driven up by rising cost of petrol and clothes
by Richard Partington Economics correspondent from Economics | The Guardian on (#5GVY5)
Consumer prices index rose to 0.7% in March as economy recovers from Covid-19 crisis
UK inflation jumped in March, driven by the higher cost of petrol and clothes in a signal that prices are moving to an upward trajectory as the economy recovers from the coronavirus pandemic.
The Office for National Statistics (ONS) said the consumer prices index rose to 0.7% last month, up from 0.4% in February. The increase was slightly below the 0.8% forecast by City economists.
Continue reading...