{"id":28556,"date":"2024-04-17T09:29:03","date_gmt":"2024-04-17T09:29:03","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/17\/inflation-in-u-k-slows-to-3-2-lowest-in-more-than-2-years\/"},"modified":"2024-04-17T09:29:03","modified_gmt":"2024-04-17T09:29:03","slug":"inflation-in-u-k-slows-to-3-2-lowest-in-more-than-2-years","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/17\/inflation-in-u-k-slows-to-3-2-lowest-in-more-than-2-years\/","title":{"rendered":"Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years"},"content":{"rendered":"
\"Inflation<\/div>


\n<\/p>\n

\n
\n

Consumer prices in Britain rose at the slowest rate in two and a half years, the country\u2019s Office for National Statistics reported<\/a> on Wednesday.<\/p>\n

Inflation was 3.2 percent in the year through March, down from 3.4 percent in February but a touch higher than the 3.1 percent economists expected, a sign that the path to cooler inflation could be bumpy. Core inflation, which strips out volatile food and energy prices, was 4.2 percent, down from 4.5 percent the month before.<\/p>\n

Economists expect inflation to continue to slow over the next few months, possibly going below the Bank of England\u2019s target of 2 percent, as household energy bills fall. Overall inflation peaked at 11.1 percent in October 2022.<\/p>\n

The weakness of the economy<\/a> has put pressure on the central bank to cut interest rates. Britain\u2019s unemployment rate<\/a> rose more than expected in its latest reading, published this week.<\/p>\n<\/div>\n