Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, said: 'CPIinflation didn't rise further in March only because the Easter holidays-when transport prices spike-were in late March last year but are in April this year.
Explaining the headline weakness, the NBS said that food prices fell by 4.4% from a year earlier, largely offsetting an increase in non-food inflation of 2.3% over the same period. With annual inflation now running at 2.3%, real income growth is barely positive as average earnings are rising at about the same pace as consumer prices.
Sterling rose momentarily following the announcements before slipping back to a 0.1% drop against the USA dollar at 1.241, and a 0.1% fall versus the euro at 1.170.
In March 2016, consumer price index (CPI)-based retail inflation grew 4.83 percent.
A renaissance in China's steel industry has been a major driver of the world's second-largest economy in recent quarters, helping to generate the strongest profit growth in years and adding to a reflationary pulse being felt across the global manufacturing sector.
On their own, food climbed 0.6 per cent between February and March, while clothing and footwear prices went up by two per cent over the period compared to a one per cent jump past year.
Economists said both the consumer and factory gate inflation were generally stable in March, allowing the People's Bank of China to maintain a relatively tight monetary stance.
The inflation rate for March was also the joint highest figure since September 2013, and above the Bank of England's two per cent target for inflation.
"CPI inflation increased to 5-month high of 3.81 per cent in March 2017, compared to 3.65 per cent in February 2017". British consumers have been the main driver of growth for the United Kingdom economy in recent years and a fall in spending levels could cause a major slowdown in GDP growth at a time when inflation is accelerating, giving the Bank of England limited scope to act.
Fuel pump prices were also dragging on CPI.
Separate ONS figures published earlier this month revealed that household savings rates hit a record low as consumers plundered their nest eggs to keep spending despite rising inflation.
The figures were affected by a drop in food costs, while prices for medical care, housing, education and entertainment, and transportation and communication have increased, Sheng said. Without a significant shift in wage growth this means pay will be falling again in real terms for the first time in three years.
"But we don't think that that will panic the MPC into raising rates imminently".
Tillerson spent the morning at a WWII ceremony at the site of a Nazi massacre in Sant'Anna di Stazzema near Lucca. Tillerson said Washington's priority remained the defeat of the so-called "Islamic State" (IS) terrorist group.
Artists are eligible for the Rock and Roll Hall of Fame 25 years after the release of their first album or single. Snoop Dogg paid tribute to legendary rapper Tupac Shakur , calling Tupac , "the greatest rapper of all time".
He started in right field the first two games in Milwaukee and said he expects Maddon to keep moving him and Baez around. He scored the winning run in Milwaukee's 2-1,11-inning win over the Cubs on Friday night, racing home on a wild pitch.
While all eyes were on the struggles of Hoffman and Garcia's scrambling, Rose really wasn't noticed until he birdied 17 and 18. But it was the 11th hole where he three-putted from 5 feet, and a double bogey removed him from the list of viable contenders.
Gardner moved to the locker next to the entrance by showers, formerly occupied by Carlos Beltran and before that Jorge Posada. NOTES: Yankees C Gary Sanchez (strained right biceps), was slated for an MRI exam on Monday .
Hogan Lovells US LLP, Latham and Watkins LLP and Simpson Thacher Bartlett LLP are serving as legal counsel to Aspen and KSL. Inc., said the American ski chains are looking north of the border for the same reason as American visitors.
But the Frenchman failed to make much of an impact at Old Trafford before being allowed to join Everton in January. Sergio Romero is starting in goal in De Gea's stead, with Joel Pereira making the bench as the backup goalkeeper.
He then fatally stabbed police officer Keith Palmer while trying to enter Parliament before being shot dead by another officer. On Monday, the Met said Masood had a clear interest in terror and his methods echoed the rhetoric of ISIS leaders.
Garcia beats Rose to claim Masters Green Jacket
Garcia opened the back nine with two bogeys and trailed by two at the par-5 13th, where his drive landed under a bush. Open title as comfort; Fowler still needs a breakthrough. "Jose Maria's [note] was very special because he's my idol".
North Korean murder suspects sent home with body of victim
The late Kim Jong-il's eldest son was passed over for the leadership and was living outside North Korea at the time of his death. But now it appears to have acceded to North Korea's wishes to get those Malaysians released, our correspondent adds.
Trump's grandchildren sing for Chinese president in Mandarin
After their first face-to-face at the Mar-a-Lago resort, he trumpeted they had developed an " outstanding " relationship. However, when the two presidents met in Florida during the early hours in China , there was nearly no reporting at all.
French candidates spar over corruption in debate
That spread now sits at 0.67%, close to the four-year high of 0.72% recorded when Le Pen launched her campaign on February 5. The final result of an election that is being watched closely around the world is still seen as highly unpredictable.
France, Serbia set up Davis Cup semi-final clash
Djokovic has dropped from his No. 1 ranking after a slump in form following his French Open title previous year . The winners of the tie will face either France or Great Britain in the semi-finals.
Sen. Bernie Sanders Has His Own Podcast
In his own statement, Leahy said, "The president is now required to give Congress notification under the War Powers Act". The United States has placed blame for the attack on Syrian President Bashar Assad.
Justice to veto legislation eliminating greyhound racing
For the month of March, general revenue fund collections were $331.5 million, $26.3 million above the original budget estimate. Ferns said in his video the second promise the Senate kept was "passing a balanced budget without tax increases".
Astros try to get offense going vs. Royals
Karns allowed four runs, two hits and two walks in a relief appearance in a 9-1 loss to Minnesota on Wednesday. Keuchel followed with a two-base throwing error that allowed Paulo Orlando to reach second with no outs.
13 killed in Egypt church explosion, local reports say
Islamic State said two of its fighters wearing suicide vests carried out the attacks, and it warned of more to come. In December, 25 people died when a bomb exploded during Sunday mass in Cairo , as NPR's Bill Chappell reported.