Inflation falls in March
According to the latest figures released by the Office for National Statistics, the Consumer Prices Index (CPI) rose by 3.2% in the 12 months to March 2024. This is down from 3.4% in February. The main reason for the change was that prices for food are rising by less than a year ago. The cost of meat, crumpets, and chocolate biscuits all fell, as did furniture and household goods. Offsetting these falls, motor fuels have risen over the past year whereas they were falling a year ago. Of course, while the inflation rate is lower, it is still positive which [...]