UK inflation slows by less than expected to 3.2% in March

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Raise a Glass to Malbec! Malbec World Day, April 17 | SaltWire #reels #shorts #wine #foodLONDON -British consumer price inflation slowed by less than expected to a two-and-a-half-year low of 3.2% in annual terms in March, down from a 3.4% increase in February, the Office for National Statistics said on Wednesday.

"However, the Bank is likely to want more conclusive evidence that we have achieved a sustainable return to target before they pivot to rate cuts." Services inflation, which the BoE also watches closely, eased slightly to 6.0% from 6.1%, the ONS said.

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