Finally, the Office for National Statistics, Britain published a little more good news on inflation. According to official statistics, consumer prices rose by 4.0% yoy in the last month, which is lower than in February, 4,4% y / y, and weaker than expectations. Aggressive discounts on food products helped to reduce monthly rooted in prices in March to 0,3% compared to 0.7% in February. Higher energy prices continued to give impetus to inflation - in March of this component, constituting about 9% of the basket of CPI, jumped another 1.8%, and for the year - by 10%. CPI excluding energy gained only 0.1% m / m and 3.5% y / y. Despite the fact that the discounts please, sweep them is not great, and last month turned out to retailers the worst in many years. In the next few months, if consumers remain so sluggish, like now, they can get even more wide and deep price reductions. Many large supermarkets have announced significant discounts in the coming weeks. Pigeons in the Monetary Committee should be pleased with themselves after such data.
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