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14 Apr 2015
UK CPI stayed unchanged at 0.0% year-on-year in March
FXStreet (Mumbai) - The data released by the UK Office for National Statistics(ONS) showed the consumer price index in March remained unchanged as expected at 12-month rate of 0.0%.
The decline in clothing and gas prices produced the largest downward contributions to change in the inflation rate. However, it was offset by a rise in the price of motor fuels and smaller upward contributions from a variety of other products such as food.
Core CPI cooled down to 1.005, compared to the expected and previous print of 1.2. Meanwhile, month-on-month CPI matched estimates to stay unchanged at 0.2%. The Retail Prices Index grew by 0.9% in the year ending March 2015, down from 1.0% in February.
The decline in clothing and gas prices produced the largest downward contributions to change in the inflation rate. However, it was offset by a rise in the price of motor fuels and smaller upward contributions from a variety of other products such as food.
Core CPI cooled down to 1.005, compared to the expected and previous print of 1.2. Meanwhile, month-on-month CPI matched estimates to stay unchanged at 0.2%. The Retail Prices Index grew by 0.9% in the year ending March 2015, down from 1.0% in February.