UK inflation dips to 10.1% in March but remains stubbornly high

Consensus expectations of 9.8% were not met

Valeria Martinez
clock • 2 min read

UK inflation failed to fall to single digits in March, dipping to 10.1% from its surprise jump to 10.4% in February, according to data from the Office for National Statistics.

The Consumer Prices Index came in higher than expected, with economists having predicted a would fall to 9.8%, although it remains down from the 41-year high of 11.1% set in October 2022.  On a monthly basis, CPI rose by 0.8% in March, compared with a rise of 1.1% in March last year. The monthly change was mainly due to lower fuel prices, housing and household services, partially offset by higher food, recreation and culture prices. Food and non-alcoholic drink prices were the key driver of inflation, rising by 19.2% in the year to March, up from 18% in February.  Core CPI, wh...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read
OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read