UK inflation eased to 2.6% in the year leading to March, influenced mainly by a fall in fuel prices, marking a decline for the second consecutive month. Despite this, household financial pressures are expected to increase due to hikes in costs for essential services like water and energy. Some relief may come from wage increases and benefit adjustments. Analysts suggest that while current inflation figures may prompt potential interest rate cuts, future rates will heavily depend on ongoing global economic factors and upcoming household cost data.
Prices increased by 2.6% in the year to March, falling for the second month in a row.
A bigger than expected drop in headline inflation should be celebrated, especially considering what households have had to deal with over the past few years.
It's an unenviable task made even more difficult by the battering from what some have now dubbed 'Storm Donald' as the US president's messy tariff policy wreaks havoc with the global economy.
The bigger question is where do rates go next?
Collection
[
|
...
]