UK: March CPI maintains status quo - BBH

Analysts at BBH explains that the UK reported March CPI unchanged at 2.3% year-over-year while rising 0.4% on the month.  

Key Quotes

“Many look for UK inflation to push toward 3.0% before peaking later this year, as last year's oil rally and sterling's slide drop out of year-over-year calculations.  The UK's core rate slipped to 1.8% from 2.0%, but also probably has not peaked.  Producer prices were a little firmer than expected.  Input prices (17.9% year-over-year) continues to outstrip output prices (3.6% year-over-year), which is often seen as pressure on profits.  Tomorrow the UK reports the latest employment figures.”