16/04/2013

CPI Holds Steady At 2.8%

The consumer price inflation has held at 2.8% in March, the Office for National Statistics has said.

At its highest rate since May last year, it has remained level due to rises in the cost of books, digital cameras and car insurance being offset by lower inflation for petrol and diesel.

However, the Bank of England has said it expects inflation to exceed 3% later in 2013, with inflation staying above its 2% target until early 2016.

Tuesday's figures from the ONS also showed that Retail Prices Index (RPI) inflation, which includes housing costs, rose to 3.3% in March from 3.2% in February.

(H/CD)


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