UK CPI up 3.2%, clothing-footwear prices up 3.9% in year to Mar 2024
17 Apr 24 1 min read
The largest downward contribution to the monthly change in CPI annual rates came from food, with prices rising by less than a year ago, while the largest, partially offsetting, upward contribution came from motor fuels, with prices rising this year but falling a year ago.
Core CPI (excluding energy, food, alcohol and tobacco) rose by 4.2 per cent in the 12 months to March 2024, down from 4.5 per cent in February. The CPI goods annual rate slowed from 1.1 per cent to 0.8 per cent during the period.
Prices of clothing and footwear rose by 3.9 per cent in the year to March 2024, down from 5 per cent the previous month. The rate in March was the lowest since November 2021.
- Annual inflation stable at 2.4% in euro area in Apr; 2.6% in EU
- Italy’s CPI for clothing-footwear up 1.5% YoY in Apr 2024: Istat
- Philippines' central bank keeps interest rates unchanged
- US’ small business optimism index rises in April 2024: NFIB
- Seasonally-adjusted US PPI for final demand up 0.5% in April 2024: BLS
- US inflation expectations rise for short & long-term horizons
On a monthly basis, clothing and footwear prices rose by 0.6 per cent between in March this year, compared with a rise of 1.6 per cent a year ago.
Fibre2Fashion News Desk (DS)
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