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FINWIRES

UK's Annual Inflation Accelerates to 3.3% in March

-- Britain's annual inflation rate climbed to 3.3% in March from 3% in February, according to data from the Office for National Statistics published Wednesday.

The latest reading aligned with consensus estimates.

On a monthly basis, consumer prices were 0.7% higher, compared with the 0.4% gain earlier and the market forecast of 0.6% growth.

Meanwhile, the UK's annual core inflation rate was 3.1%, compared with the prior and expected 3.2%. Month over month, core consumer prices gained 0.4%, against the previous reading of 0.6% increase and the consensus estimate of a 0.5% rise.

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