Updated
Updated · The Guardian · Apr 22
UK Inflation Rises to 3.3% as Iran War Drives Fuel and Food Costs Higher
Updated
Updated · The Guardian · Apr 22

UK Inflation Rises to 3.3% as Iran War Drives Fuel and Food Costs Higher

52 articles · Updated · The Guardian · Apr 22
  • UK inflation rose to 3.3% in March, driven mainly by surging fuel prices following the outbreak of war involving Iran.
  • Higher energy costs have also pushed up food prices, with the impact of the Middle East conflict filtering through to shop shelves.
  • While inflation may rise further, analysts expect it to peak below 4%, and the Bank of England is likely to keep interest rates unchanged for now.
As stagflation fears grip the UK, is the Bank of England trapped with no good options?
Why do some analysts predict oil prices will fall despite the escalating Middle East war?
Could soaring oil prices actually accelerate the world's transition to green energy?
How will the global economy function if 'power' permanently replaces 'price' in oil markets?
Are well-timed bets on oil prices a sign of market manipulation in the Iran conflict?
With the Strait of Hormuz closed, has global energy security become an illusion?