Underlying rate of RPI falls to 3.7%

The underlying rate of Retail Prices Index (RPI) inflation fell to 3.7% in March, from 3.8% in February, the ONS said.

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Rise in cost of living

Inflation has risen. The ONS says CPI is 3.5 per cent, up from 3.4 per cent in February. This is the first rise in inflation since September last year.