The consumer price index came in at 1.9 per cent in the year to March, lower than the 2 per cent figure forecast by economists. Growth in food and non-alcoholic beverage prices slowed to 0.07 per cent in March, down from 0.25 per cent the month before. Together with recreational and cultural goods, the category was the biggest drag on inflation. Transport, miscellaneous goods and services and clothing and footwear, made the biggest upward contributions to inflation. Core inflation, which excludes volatile energy, food and alcohol prices, was also unexpectedly flat at 1.8 per…

Source: The Times April 17, 2019 11:15 UTC