UK inflation unexpectedly remained below target for the third month in a row in March, as higher fuel prices were offset by the falling prices of food and computer games.
Prices rose by 1.9% last month, the Office for National Statistics (ONS) has revealed, while core inflation held at 1.8%. The rising price of oil meant vehicle fuel prices jumped 1%, compared to a 1.3% fall a year earlier, but food costs fell 0.1% and prices in the recreation and culture sector rose more slowly than for the same month in 2018, driven by games, toys, hobbies, as well as CDs, videos and music downloads. Tom Wells, manager of the Smith & Williamson Global-Inflation Linked Bond fund, said: "Although RPI inflation was a little weaker than expected, we expect UK inflation t...
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