UK inflation falls less than expected to 3.2% in March

The rate of Consumer Prices Index inflation fell to 3.2 per cent in March from 3.4 per cent in February, the Office for National Statistics said. The figures released by the ONS on Wednesday morning showed that inflation was 3.2 per cent in February, which is slightly higher than the 3 per cent predicted by economists. The latest figures are moving gradually closer to the Bank of England’s 2 per cent inflation target and come ahead of the next interest rate decision on Thursday.