UK March CPI +7.0% vs +6.7% y/y expected

• Prior +6.2%
• CPI +1.1% vs +0.7% m/m expected
• Prior +0.8%

• Core CPI +5.7% vs +5.4% y/y expected
• Prior +5.2%
• Core CPI +0.9% vs +0.5% m/m expected
• Prior +0.8%

Up, up, and away. Inflation continues to run rampant in the UK with the headline reading being the highest since historical model estimates all the way back in March 1992. Looking at the details, housing and household services inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term contributed the most during the month as a result of price rises for gas and electricity.

As such, the latest developments here are not likely to put the BOE off the tightening path even if their resolve has somewhat become less robust as of late.