Fastest in six years. For 'food prices', (+2.5% y/y in March) up their fastest in five and a half years.
Non-food prices were unchanged (from +0.2% in February)
More, via Reuters:
- A global rise in cereals prices and unfavourable conditions for onions, potatoes and cabbages in Britain last year had pushed up wholesale prices, the BRC said.
- With continuing Brexit uncertainty, upward risks to inflation would persist, the BRC's chief executive, Helen Dickinson, said. "A chaotic no-deal Brexit ... would lead to higher prices and less choice on the shelves," she warned.
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Of course for GBP all eyes are on Brexit. The latest:
