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April 22, 2026
British Pound traded at 1.3507 against USD at 9:00 AM PST
British consumer price inflation increased in March to the highest level in three months, driven mainly by higher transport costs. The consumer price index (CPI) climbed 3.3% year-on-year in March, faster than February's 3.0% increase.
Core inflation that excludes prices of energy, food, alcohol, and tobacco eased slightly to 3.1% from 3.2% the prior month. Inflation based on transportation accelerated to 4.7% from 2.4%, and the annual growth in food and non-alcoholic beverages quickened to 3.7% from 3.3%. Meanwhile, clothing and footwear prices were 0.8% less expensive. On a monthly basis, consumer prices moved up 0.7% after rising 0.4% in February.
Input prices climbed 5.4% year-on-year in March, much faster than the 0.7% increase in the prior month. On a monthly comparison, input prices rose 4.4%, following a 0.9% increase in February. Meanwhile, output price inflation rose to 2.6% from 1.8% in February. Monthly, output prices rose 0.9% after falling 0.5% the previous month.
Higher crude oil prices drove the rise in input producer price inflation, while soaring costs of coke and refined petroleum products pushed up output price inflation. 04/22/2026 - 02:52:00 (RTTNews)
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