Inflation holds steady at 1.9 per cent

Mail Online | 4/17/2019 | Tim Sculthorpe, Deputy Political Editor For Mailonline
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Inflation was flat in March, as lower food prices offset higher fuel costs at the pumps new official statistics reveal today.

Figures from the Office for National Statistics (ONS) show the Consumer Prices Index (CPI) was unchanged at 1.9 per cent last month, matching February's rate.

March - Inflation - Economists - Expectations - Cent

March inflation missed economists' expectations of 2 per cent, which would have put it squarely in line with the Bank of England's target.

Wage data out yesterday showed pay packets are rising at 3.4 per cent a year - meaning real earnings are continuing to increase.

Mike - Hardie - Head - Inflation - ONS

Mike Hardie, head of inflation at the ONS, said: 'Inflation is stable, with motor fuel prices as well as the cost of computer games growing more slowly than it did at this time last year.'

Drivers faced higher costs for fuel, with average petrol prices up by 1.2p per litre to 120.3p. Diesel rose 1.4p per litre to 130.7p.

Computer - Games - Recreation - Culture - Category

But computer games weighed on the recreation and culture category, with prices growing at a slower...
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