UK March CPI to remain Unchanged

RBC Capital Markets notes:

• In the March UK inflation report out this afternoon RBC looks for CPI to remain unchanged at 0.0% y/y (in line with cons), with offsetting forces from lower utility bills and higher petrol prices. 
  
  
• RPI inflation is also expected to have held steady in March, at 1.0% y/y (in line with cons).
  
  
• Looking further out, RBC projects CPI to print only marginally above zero for most of the rest of 2015 as the base effects of lower petrol prices retain their influence for a few more months.