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UK inflation unchanged at 2.8% in March

The consumer prices index has remained unchanged at 2.8 per cent in March, according to figures from the Office for National Statistics.

The largest upward contribution came from the recreation and culture sector where there were price rises for audio-visual equipment and books, newspapers and stationary.

The largest downward contributions came from furniture & furnishings, motor fuels and meat.

RPI rose from 3.2 per cent to 3.3 per cent in March.

The Bank of England said it expects inflation to exceed 3 per cent later this year.

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