UK Inflation Rises to 3.3% in March, Bank of England Rate Hike Unlikely
UK inflation increased to 3.3% in March, driven by higher fuel, food, and airfares, but economists believe the Bank of England is unlikely to raise interest rates soon. Core inflation eased slightly to 3.1%, while services inflation rose to 4.5%. The Bank of England is expected to remain cautious due to a fragile jobs market and limited survey data.
Topics: Bank of England consumer prices economic data inflation UK economy