UK inflation rate rises to 0.7% in March

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The cost of living was pushed higher by the increasing prices of clothes, fuel and transport.

The UK inflation rate rose to 0.7% in the 12 months to March, up from 0.4% to February, pushed higher by the increased cost of clothes, fuel and transport.Jonathan Athow, of the Office for National Statistics, said "some staples were lower than at the start of the pandemic".

 

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Too early to reflect impact of Brexit deal. Will be 2% by year end but as a net importer the UK will feel the impact of lower buying power and increased costs. Don’t forget the Pound is down 30% as a result of Brexit.

Yes...way too low

eatmyboxer

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