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  • UK CPI rises by 0.7% YoY in Mar vs. +0.8% expected.
  • Monthly UK CPI arrives at +0.3% in Mar vs. +0.3% expected.
  • GBP/USD remains unfazed by the downbeat data, stays above 1.3900.

The UK Consumer Prices Index (CPI) 12-month rate came in at +0.7% in March when compared to +0.4% booked in February while missing expectations of a +0.8% print, the UK Office for National Statistics (ONS) reported on Wednesday.  

Meanwhile, the core inflation gauge (excluding volatile food and energy items) rose to 1.1% YoY last month versus +0.9% registered in February, matching the consensus  forecast  of +1.1%.

The monthly figures showed that the UK consumer prices arrived at +0.3% in March vs. +0.3% expectations and +0.1% prior.

 

more to come …

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