UK Inflation Remains High Despite March Dip

UK inflation fell to 10.1% in March, but remained higher than expected and is now the highest in western Europe. Economists predict that Britain will suffer high inflation for longer than its peers due to its reliance on natural gas for heating and electricity, and the structure of government subsidies that smoothed out price changes. Food prices rose at the fastest annual rate since 1977, with milk and sugar costing around 40% more than a year ago. The Bank of England is expected to raise interest rates again in May to combat inflation.