Brief by Shorts91 Newsdesk / 01:05pm on 16 Apr 2025,Wednesday International
UK inflation dropped more than expected to 2.6% in March, down from 2.8% in February, largely due to falling petrol prices. While the dip brings temporary relief to consumers, analysts warn the decline may be short-lived, with inflation projected to rise again from April amid increasing household bills and business costs. Chancellor Rachel Reeves welcomed the figures as "encouraging," but acknowledged ongoing economic challenges. Shadow Chancellor Mel Stride criticised Reeves’s policies for prolonging inflation. The Bank of England predicts inflation will reach 3.7% later this year, remaining above the 2% target until at least 2027, complicating rate-cut expectations. (PC: BBC)
