The United Kingdom's Consumer Price Index (CPI) increased by 7% in March compared to the same month a year ago, the Office for National Statistics reported on Wednesday.
On a monthly basis, consumer prices improved by 1.1% in March, while the Consumer Prices Index, including owner occupiers' housing costs (CPIH), rose by 6.2% year-on-year and 0.9% month-over-month.
At the same time, the headline rate of input and output producer prices saw respective yearly growths of 19.2% and 11.9% in March, with metal products and crude oil providing the most significant upward contributions. On a monthly scale, the output data rate was up by 2.0%, and the input figure grew by 5.2%.
