Inflation fell more slowly than expected last month due in part to higher fuel prices, increasing the chances that the Bank of England will delay cutting interest rates until much later this year.
The pace of consumer price growth in the UK economy fell to 3.2 per cent in March from 3.4 per cent in the previous month, the lowest level in two and a half years, according to the Office for National Statistics. City analysts and the Bank of England had expected a bigger drop.
Elevated price growth in the transport and communications sectors kept the headline consumer prices index higher than expected last month. Food and energy inflation, the main drivers of the cost of living crisis, eased further in March. The ONS
