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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

UK March inflation slows to 1.5%

April, 22 2020
watermark Economic news

According to the National Statistical Office (ONS) of Great Britain, consumer prices in March rose by 1.5% year on year compared with the February figure of 1.7%. Analysts had forecast inflation to fall to 1.5%.


However, it is worth considering the fact that these statistics were collected even before the large-scale restriction of economic activity in the country, so they do not reflect the current situation.


The slowdown in inflation last month was primarily due to a decrease in the price of automotive fuel (by 5.1%) and clothing (by 0.3%). Food prices rose 0.2% on a monthly basis and 1.3% on an annualized basis.


Core inflation (excluding food, alcohol, tobacco and energy, CPI Core) rose 1.6% after rising 1.7% a month earlier.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.