The Caithness Business Index has posted the following article:

UK No Longer An Outlier On Inflation As It Falls Below The US Rate For First Time Since In Two Years

[IMG][/IMG] CPI inflation fell to 3.2 per cent in March - falling below the US inflation rate (CPI for All Urban Consumers) of 3.5 per cent for the first time since March 2022 (but still above the Eurozone rate of 2.4 per cent) bringing an end to the UK's unwanted status as an outlier on inflation, the Resolution Foundation said on Wednesday in response to the latest ONS data. The latest fall was less than markets expected, but driven by a welcome fall in food inflation (down to 4 per cent, from 19.1 per cent last year). [Read Full Article]