Inflation expected to ease slightly in March

Inflation in the UK is projected to remain above the Bank of England’s target of 2% for March, with a Bloomberg poll indicating a year-on-year consumer price inflation (CPI) of 2.7%. This figure is slightly lower than the previous month, driven by rising alcohol prices and costly apps. The UK is still recovering from a peak inflation rate of 11% in late 2022. Most economists have said that US President Donald Trump’s sweeping tariffs from China will have a deflationary effect on prices in the UK due to weaker demand and cheap products flooding into Britain.