Annual inflation may drop when official figures are released on Wednesday but UK rate still higher than eurozone
Britain’s annual inflation rate is poised to fall below 10% for the first time since last August when the latest official figures for the cost of living are released on Wednesday.
A sharp fall in energy prices is thought likely to have dragged down the government’s preferred measure of inflation from 10.4% in February to 9.8% in March, according to a poll of economists conducted by Reuters.
