After an unexpected rise in February, inflation anticipated to decrease once more.

On Wednesday, the latest official figures are expected to show that inflation will drop below 10%, for the first time since August last year. A consensus of economists stated that the Office for National Statistics (ONS) is set to reveal that the rate of Consumer Prices Index (CPI) inflation fell to 9.8% in the previous month. This will mark a return to a decline in inflation after a surprising increase to 10.4% in February, which was mainly attributed to the skyrocketing costs of food.