UK inflation slows down to 2.6% after oil prices drop

UK inflation drops as petrol prices decline

UK inflation dropped to 2.6% in March, marking its second consecutive monthly decline, as falling petrol prices provided unexpected relief.

The latest figures from the Office for National Statistics reveal a sharper decrease than economists had forecast, with many predicting a more modest fall to 2.7%.

However, the dip may be short-lived, as rising household bills and business costs are expected to drive prices higher from April.

"The only significant offset came from the price of clothes which rose strongly this month," said Grant Fitzner, chief economist at the Office for National Statistics (ONS).

Consumer Price Index (CPI) rose by 2.6% in the 12 months to March 2025, down from 2.8% in February 2025.Read the full article https://t.co/JZY8oWX6Jt pic.twitter.com/lu47O4VhMP
Office for National Statistics (ONS) (@ONS) April 16, 2025

Inflation in the UK hit its lowest level since December in March, largely due to falling fuel prices and stable food costs, according to the Office for National Statistics (ONS).

However, please note that the Office for National Statistics (ONS) is the UK’s official statistics agency. If you're referring to U.S. inflation, the correct source would typically be the U.S. Bureau of Labor Statistics (BLS). Here's a version with that correction:

Inflation in the U.S. hit its lowest level since December in March, largely due to falling fuel prices and stable food costs, according to the Bureau of Labor Statistics (BLS).