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Manchester Evening News
Manchester Evening News
Business
Henry Saker-Clark & Ellie Kemp

Experts predict good news on inflation ahead of announcement this week

Inflation is due to drop back below 10 percent following a shock rise in February, experts have predicted.

It is expected to dip below double figures for the first time since last August, when the latest official figures are released on Wednesday. The Office for National Statistics (ONS) is set to show that the rate of Consumer Prices Index (CPI) inflation fell to 9.8% last month, according to a consensus of economists.

It would be a return to a decline after a shock increase to 10.4% in February due to soaring food prices. Vegetable shortages helped push food and non-alcohol prices up 18% year-on-year, reflecting the sharpest increase in more than 45 years.

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