UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates

UK Inflation Rate Drops in March

In March, the UK inflation rate fell to 2.6%, increasing pressure on Bank of England policymakers to consider interest rate cuts in the upcoming month. This decline in price growth occurs just before an anticipated rise in April, as households are set to face higher council tax and utility bills. The situation highlights the potential economic challenges ahead as the cost of living continues to impact consumer spending.

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