UK annual inflation hits highest since 1992

Nargiz Ogtay
Author

Annual inflation in the UK in March accelerated to 7% from 6.2% a month earlier, thereby updating the record since 1992, Report informs citing TASS.

In March, consumer prices rose 1.1% after rising 0.8% in February.

Analysts polled by the DailyFX portal expected annual inflation to accelerate to only 6.7%. On a monthly basis, consumer prices were expected to rise by 0.7%.

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