UK Headline CPI Rose 0.5% y/y to March - TDS
Research Team at TDS, notes that the UK headline CPI rose 0.5% y/y to
March, up from 0.3% in Feb, while core prices also rose faster than
expected, rising from 1.2% to 1.5%.
Key Quotes
“The
details point to some Easter effects here with transportation prices
unseasonably strong, but the effects here were not as strong as they
could have been, and there was a bit more upside in hotels and
restaurants, which could have also been Easter effects, as well as
furniture, which is less likely effected.
We continue to see
some persistent weakness in recreation prices which have been soft all
year, So overall, some of the upside from March should unwind in next
month's data, but the figures aren't entirely Easter effects.”
(Market News Provided by FXstreet)
