Inflation remains stable at 1.9 percent because lower food prices compensate for the rising costs of gas pumps
- Inflation in March was 1.9 percent, the same as in February, the data show
- Prices were boosted by the rising cost of fuel at the pumps, the US said
- But lower food prices and slower increases in computer games pegged the rate
- Wages increase by 3.4 percent, which means that wages improve in real terms
Inflation was flat in March, as lower food prices compensated for higher fuel costs with the new official pump statistics known today.
Figures from the Office for National Statistics (ONS) show that the consumer price index (CPI) was unchanged at 1.9 percent last month, which is the same as in February.
March inflation missed the expectations of 2 percent economists, which would have brought the square in line with the Bank of England goal.
Yesterday's wage data showed wage packages to rise by 3.4 percent a year – meaning that real earnings continue to rise.
Figures from the Office for National Statistics (ONS) show that the consumer price index (CPI) was unchanged last month at 1.9 percent (blue line), corresponding to the February rate. Pay data yesterday shows that pay packages increase by 3.4 percent per year (red line)
Drivers had to contend with higher fuel costs, with average petrol prices rising from 1.2 p per liter to 120.3 p. Diesel increased by 1.4p per liter to 130.7p (stock)
Mike Hardie, head of inflation at the US, said: & # 39; Inflation is stable, with prices for motor fuels and the costs of computer games growing slower than last year.
Drivers had to contend with higher fuel costs, with average petrol prices rising from 1.2 p per liter to 120.3 p. Diesel increased by 1.4p per liter to 130.7p.
But computer games weighed on the recreation and culture category, while prices grew slower than last year.
Games and hobbies for games, the category with computer games, rose 1 percent of the month, compared to a 3 percent increase in March last year.
The ONS measures the prices of best-selling video games every month, which means that new releases can influence the overall impact of the category.
Recording media, including CD & # 39; s and DVD & # 39; s, also affected recreation and culture.
Prices fell 3.5 percent between February and March, but increased by 2.1 percent in the same period of 2018.
Costs of food and non-alcoholic beverages also kept CPI back from rising, the US data showed today
The cost of food and non-alcoholic beverages also stopped CPI.
Oils and fats had the most significant effect, when prices fell by 1.4 percent in March, as opposed to the 6.7 percent increase last year.
The CPI, including housing costs for residents of owners (CPIH) – the preferred measure of US inflation – was 1.8 percent in March, unchanged from February.
The Retail Prices Index (RPI), a separate measure of inflation, remained unchanged compared to February at 2.4 percent.