UK | Inflation set for a steep, but short-lived, acceleration

March’s pickup in inflation will mark the beginning of a sharp rise over the next few months, as sizeable base effects combine with higher fuel and domestic energy prices. We expect the CPI rate to reach 1.5% as soon as April.

What you will learn from this report:

• CPI inflation accelerated to 0.7% in March.
• March is likely to mark the beginning of a steep, but short-lived, rise in inflation.
• We expect CPI inflation to jump to 1.5% in April.