UK inflation in March 2025

Annual inflation in the UK decreased to 2.6% in March, coming below the expectation of analysts, according to the data published by the National Statistics Office (ONS) on Wednesday.

Economists interviewed by Reuters expected the consumer price index for the twelve months by March to reach 2.7%.

The price number in Britain increased by 2.8% in February, after increased dramatically to 3% in January.

The main inflation, which eliminates more volatile energy, food, alcoholic and tobacco prices, increased by 3.4% a year to March, which decreased slightly from 3.5%.

The greatest contribution to the reduction of the monthly change in inflation was the result of rest and culture and motor fuel, Said onsWhile the largest updating driver was clothing.

Sterling After the data, the data increased by 0.25% to the US dollar of $ 1,3265.

Recent data will be carefully analyzed by the Bank of England, which is expected to reduce interest rates if they are next May 8. At a previous meeting in March in March amid a predicted increase in inflation and uncertainty compared to US President Donald Trump tariff.

Last week, the UK was good news when the latest monthly growth data showed that in February the British economy increased by 0.5% per month. The UK also hopes to sign a trade agreement with Washington, avoiding a relatively intact Trump tariff mode with a basic 10% duty only.

On Thursday, the traders will look closely at the next Boe policy statement to evaluate economic forecasts for the country.

A statement in March in March states that “the world trade policy has intensified, and the US made a number of tariffs that some governments responded.”

“Other geopolitical uncertainty has also increased, and the financial market volatility has grown globally,” he added.

As In February warned that inflation is expected to temporarily grow up to 3.7% In the third quarter of this year as energy costs are set. At the time he also halved the growth outlook in 2025 for the UK to 0.75%