UK consumer price inflation accelerated more than expected to hit a 30-year high in March, squeezing households' spending power, official data revealed on Wednesday.
Consumer price inflation advanced to 7.0 percent from 6.2 percent in February, the Office for National Statistics said. The rate was forecast to climb to 6.7 percent.
This was the highest annual inflation in the National Statistics series, which began in January 1997, and was also the highest rate in the historic modeled series since March 1992, when it stood at 7.1 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.