LONDON – Official figures present that inflation in Britain unexpectedly held regular in March, with economists suggesting that Brexit uncertainty prompted retailers to maintain costs decrease than would in any other case have been the case.
The Workplace for Nationwide Statistics mentioned Wednesday that client costs had been up 1.9 % within the yr to March. Most economists had anticipated inflation to rise barely to 2 %, which is the Financial institution of England’s goal price.
The figures counsel that rising uncertainty associated to Britain’s exit from the European Union through the month could have contributed to the marginally decrease end result. Britain was as a result of go away the EU on March 29 nevertheless it was postponed as Parliament didn’t again Prime Minister Theresa Might’s Brexit deal. Britain now has a brand new Oct. 31 deadline.