Inflation hits low as meat costs reduce
| Published date | 18 April 2024 |
| Publication title | Evening Chronicle |
It slowed slightly less than expected last month, leading to City economists and investors trimming their forecasts for interest rate cuts this year
Official figures showed inflation dipped in March to its lowest level since September 2021. The Office for National Statistics (ONS) said Consumer Prices Index inflation stood at 3.2% in March, down from 3.4% in February.
It showed a slowdown in the rising cost of living, but was still above the 3.1% reading expected by a consensus of experts.
The data, which...
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