March inflation drops to 11.25%

Employment rate remains at a joint record high

Figures from the Office for National Statistics (ONS) show the consumer prices index was flat at 1.9 per cent in March, matching February's rate.

James Smith, developed markets economist in ING, said "UK inflation came in slightly below consensus in March, keeping headline CPI below target for the third month running".

British employment has reached a record-high level, shaking off stubborn uncertainty surrounding the UK's departure from the European Union, official data showed on Tuesday.

A weaker pound post-Brexit and tax-free shopping has seen American tourists increase their spending by nearly a third, new data reveals.

This comes after reduced food prices coincided with a rise in the price of fuel, according to the ONS Head of Inflation, Mike Hardie.

But computer games weighed on the recreation and culture category, with prices growing at a slower rate than the previous year.

This movement was mainly attributable to a 0.9 per cent increase in the index for the division "Food and Non-Alcoholic Beverages".

However, the comparison was skewed because retail sales had plunged in March 2018 on the back of freezing weather during the so-called "Beast from the East" cold wave.

Jordan Hasay finishes third in Boston Marathon - after a year of injuries
Romanchuk, a student at the University of IL , became the youngest victor ever in the men's wheelchair division of the race. Desisa, who won the Boston Marathon in 2013 and 2015, simply ran out of gas. "It was not easy".

He continued: "We suspect house prices will rise only 1% over the year and would not be at all surprised if they stagnate".

On a month-on-month basis, the NBS said the urban index rose by 0.81 percent in March, up by 0.05 percentage points from 0.76 percent recorded in February.

Department stores also enjoyed online sales growth of 3.4 per cent year-on-year but lagged behind all other shop types apart from household goods stores, which saw online sales fall 1.7 per cent.

The CPI, including owner-occupiers' housing costs (CPIH) - the ONS's preferred measure of inflation - was 1.8 per cent in March, unchanged from February.

Employment Minister Alok Sharma said: "The UK jobs market continues to go from strength to strength, proving the underlying resilience of the British economy".

The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate has stabilised this morning as markets welcome a surprisingly strong United Kingdom retail sales reading.

"Of course it is entirely possible that sales will be weaker in the second quarter if no-deal Brexit concerns caused consumers to bring forward purchases in to MarchGBP/CAD Exchange Rate Forecast: Rebound in Canadian Retail Sales to Lift the 'Loonie"?

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