UK annual inflation soars to new 30-year high in March
Consumer prices index rises 7% year-on-year in March, up from 6.2% in February
By Tuba Sahin
ANKARA (AA) – UK annual consumer inflation soared to a new 30-year high as it hit 7% in March, exceeding market estimates, according official figures released on Wednesday.
The reading was up from 6.2% registered in February.
The hike was led by broad price rise across the country, such as electricity, gas, motor fuels, second-hand cars, restaurant meals, and hotels, said the Office for National Statistics.
On a monthly basis, the consumer prices index rose 1.1% in March 2022, versus a rise of 0.3% in March 2021.
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