Inflation

CPI government target is 2.0%.

CPI annual inflation stands at 3.5 per cent in March 2012, up from 3.4 per cent in February. The largest upward pressures to this change came from food, clothing and recreation & culture. Partially offsetting these were downward pressures from electricity, gas & other fuels and transport.

RPI annual inflation stands at 3.6 per cent in March 2012, down from 3.7 per cent in February. The largest downward pressures to this change came from motoring expenditure and fuel & light. Partially offsetting these were upward pressures from food and clothing.

For more information go to the Office of National Statistics website here.