U.K. consumer prices rose 1.9% in March

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Tuesday April 19, 06:09

U.K. consumer prices rose 1.9% in March

(by Mark Riley)

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U.K. consumer prices rose 1.9% in March from 1.6% in February. This is the fastest annual pace of rising in almost seven years. Traders were expecting the index to rise 1.7%. On a month-on-month basis inflation rose 0.4%.

Inflation pressure is raising expectations that the Bank of England will have to hike interest rates in the nearest future.

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