- UK CPI rises by 1.5% YoY in March vs. +1.5% expected.
- Monthly UK CPI arrives at 0.0% in March vs. 0.0% expected.
- GBP/USD keeps losses below 1.2300 amid broad dollar strength.
The UK Consumer Prices Index (CPI) 12-month rate came in at +1.5% in March when compared to +1.7% booked in February while matching expectations of a +1.5% print, the UK Office for National Statistics (ONS) reported on Wednesday.
Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at +1.6% YoY last month versus +1.7% booked in Feb while meeting the consensus forecast of +1.6%.
The monthly figures showed that the UK consumer prices arrived at 0.0% in March, in line with the expectations and +0.4% last.
more to come …
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