CPI annual inflation – the Government’s target measure was 1.6% in March 2014, down from 1.7% in February. CPIH annual inflation - the measure of consumer price inflation including owner occupiers' housing costs, was 1.5% in March 2014, down from 1.6% in February.
In the year to March 2014 the output price index for home sales of manufactured products rose 0.5%. In the same period the total input price index fell by 6.5%.
UK house prices increased by 9.1% in the year to February 2014, up from 6.8% in the year to January 2014.
The seasonally adjusted estimate of construction output in February 2014 has fallen by 2.8% (£270 million) when compared with January 2014. There were falls in both sub-sectors with new work falling 2.6% (£160 million) and repair and maintenance falling 3.1% (£110 million).
Visits to the UK by overseas residents continue to rise in February 2014. The number of visits to the UK in the three months December 2013 to February 2014 was 5% higher than a year earlier.
The UK’s deficit on seasonally adjusted trade in goods and services was £2.1 billion in February 2014. The deficit on trade in goods was £9.1 billion. The surplus on trade in services was estimated at £7.0 billion.