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 economyBusiness live – latest updatesUK inflation rose by 3.3% in March amid the surge...

By Richard Partington Senior economics correspondent · The Guardian World

Annual March rate adds to pressure on household finances and follows warnings of slowdown to UK economy Business live – latest updates 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%. Continue reading...