Inflation eases but still remains above 10%
The Office for National Statistics said the consumer prices index measure slowed to 10.1% in March from 10.4% the previous month.The figure represents a slight improvement in the energy-driven
had already shown an additional hit from the salad shortage that had gripped supermarkets that month. The latest figures were released against a backdrop of hopes that a deceleration in inflation would allow the Bank of England to pause its action to battle inflation through interest rate rises. While policymakers can do nothing about things like energy - the main driver of the inflation crisis - the Bank can look to take demand out of the economy by raising borrowing costs.
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