UK CPI Hits 3.3% as Fuel Costs Drive Inflation Higher, Pipeline Pressures Build

UK inflation rose in March, with CPI rising from 3.0% yoy to 3.3% yoy, in line with expectations. On a monthly basis, prices increased 0.7% mom, slightly above forecasts of 0.6% mom, reflecting renewed upward pressure largely driven by energy-related components. The composition of inflation shows a mixed picture. Core CPI eased slightly from 3.2% […]

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