UK Inflation Hits 3.3% in March as Iran War Fuels Energy Shock
UK inflation accelerated to 3.3% in March, primarily due to soaring fuel and energy prices exacerbated by the Iran war. This rise represents a significant economic challenge.
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UK inflation accelerated to 3.3% in March amid Iran energy shock
Figure marked sharp increase from previous month
Read full article →UK inflation rises to 3.3% amid soaring fuel prices driven by Iran war
Annual March rate adds to pressure on household finances and follows warnings of slowdown to UK economy UK inflation rose by 3.3% in March amid the surge in fuel prices for motorists triggered by the Iran war. Figures from the Office for National Statistics (ONS) show the consumer prices index increased last month from 3% in February, adding to pressure on household finances already battered by a cost of living crisis. The rise matched City economists’s forecast of an increase to 3.3%. Conti...
By Richard Partington Senior economics correspondent
Read full article →UK inflation jumps to 3.3% in March as fuel prices surge amid Iran war
Fuel prices saw their largest increase for over three years, the ONS' chief economist said.
Read full article →Iran war drives UK inflation up to 3.3% in major blow for Reeves
Chancellor Rachel Reeves said the Iran crisis was ‘not our war, but it is pushing up bills for families and businesses’
By Simon English
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