U.K. Inflation Remains at 2.8%, Continues Above BOE Goal

U.K. inflation was unchanged in March, extending its run above the Bank of England’s target and maintaining a squeeze on consumers.

Consumer prices rose 2.8 percent from a year earlier, the Office for National Statistics said in London today. That matched the median forecast of 36 economists in a Bloomberg News survey. In a separate release, the ONS said factory-gate prices rose 0.3 percent in March from February and were up 2 percent from a year earlier.