UK inflation falls as price of petrol comes down

Falling petrol prices drove UK inflation down by more than expected in the year to March.
Inflation was 2.6%, down from a rate of 2.8% in February, according to official data.
But the fall may only be temporary as analysts say it’s expected to spike from April as rising bills and higher business costs take hold.
“The only significant offset came from the price of clothes which rose strongly this month,” said Grant Fitzner, chief economist at the Office for National Statistics (ONS).
The average price of petrol fell by 1.6p per litre between February and March to 137.5p per litre.

Source: BBC | Language: English