GBIRYY 2.6%March/2025
source: Office for National Statistics
- The annual inflation rate in the UK slowed to 2.6% in March 2025 from 2.8% in February and below market and the BoE's forecasts of 2.7%.
The largest downward contributions came from recreation and culture (2.4% vs 3.4%), mainly games, toys and hobbies (-4.2%) and data processing equipment (-5.1%). Transport also contributed to the slowdown (1.2% vs 1.8%), largely due to a 5.3% fall in motor fuel prices.
In addition, prices rose less for restaurants and hotels (3%, the lowest since July 2021 vs 3.4%), mostly accommodation services (-0.6%); housing and utilities (1.8% vs 1.9%); and food and non-alcoholic beverages (3% vs 3.3%).
In contrast, the most significant upward contribution came from clothing and footwear (1.1% vs -0.6%), with prices usually rising in March as spring fashions continue to enter the shops.
Compared to the previous month, the CPI edged up 0.3%, slightly below both the previous month’s increase and expectations of 0.4%.
Annual core inflation slowed to 3.4% from 3.5%.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.