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UK Inflation Rate Remains at 2.3%

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UK inflation held steady last month, as rising prices for food and clothing were offset by lower air fares.

The Office for National Statistics (ONS) said inflation as measured by the Consumer Prices Index remained at 2.3%.

However, the ONS data showed food prices in March were 1.2% higher than last year, the biggest annual rise in three years.

Although the inflation rate remained unchanged from February, it remains above the Bank of England’s target of 2%.

Source: BBC

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