- 12 updates
Victoria Cadman, economist at Investec, said no change in the rate of inflation would be an uncomfortable reality for the Bank of England. It forecast inflation to fall rapidly throughout 2012 and into 2013.
The consumer price index rate of inflation is expected to stay the same for March at 3.4% its lowest rate since November 2010, but way off the Bank of England's 2% target. The figure has fallen from 5.6% last September, but oil prices rose in March which also had an impact on food bills.
Latest ITV News reports
Our outgoings are rising, and our incomes are staying the same.