British inflation holds at zero in March
“The Consumer Prices Index (CPI) was unchanged in the year to March 2015, that is, a 12-month rate of 0.0 percent, the same rate as in the year to February 2015,” the Office for National Statistics said in a statement.
“Falls in clothing and gas prices produced the largest downward contributions to change in the inflation rate.
“These were offset by a rise in the price of motor fuels and smaller upward contributions from a variety of other products such as food.”
The unchanged reading was in line with market expectations.
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