Inflation falls in March

Inflation surprisingly fell in March, CPI (Consumer Prices Index) fell to 4% from 4.4% in February and RPI (Retail prices Index) slipped from 5.5% last month to 5.3%. RPI includes the cost of mortgages, which is not included in the CPI measure. The falls come as something of a surprise, over the past few months the trend in inflation has been upwards and most experts expected rises to continue for some time to come. The Office for National Statistics (ONS) who produce the inflation figures said that the fall was largely down to a reduction in the price of food and non ...