While the overall rate of inflation decreased in the US, core inflation - excluding food and energy prices - rose. The US central bank is expected to raise interest rates up again next month.
The consumer prices index measure of inflation fell to 5% in the 12 months to March, the lowest level in nearly two years and down fromThe rate of inflation in the US is now less than half that of the UK. Latest official figures showed the speed of price rises in the UKInflation is also lower than the UK in the 20 countries which have the euro as currency. Here, inflation dropped for the fifth month in a row - to 8.5% in February.
But the uptick in US core CPI - inflation excluding the price sensitive food and energy sectors - means the US central bank, known as the Fed, is still expected to put interest rates up again next month. This will make borrowing more expensive.
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