UK inflation has remained unchanged in March, with the Consumer Price Index (CPI) staying at 1.9 percent.

Core inflation, which excludes more volatile components like food and energy prices, was also unchanged at 1.8 percent.

These figures are lower than the Bank of England’s target of two percent.

Sir John Redwood, chief global economist at Charles Stanley, explained: “Housing and household services made the largest contribution to inflation, with rising Council taxes and increases in utility bills last year pushing costs up. Petrol and diesel prices also rose in the month reflecting increases in the glob...