Inflation has risen to 2.9%, the latest official figures show it was driven by rising gas prices, largely a result of the US Iran war.
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Inflation has risen to 2.9%, the latest official figures show it was driven by rising gas prices, largely a result of the US Iran war.
Overall, inflation is at its highest rate since March, higher than the Bank of England’s 2% target rate.
Topics
Business, UK
The war in Iran has pushed UK Inflation further above the Bank of England's 2% target.
The speed of price rises in the UK has stayed the same, according to data which was collected before the US-Israel war with Iran…
Fuel prices saw their largest increase for over three years, the ONS' chief economist said.
Inflation could hit 5 per cent by the summer, economists forecasts, as the full effects of Iran War take hold
Britain's annual inflation rate was unchanged at 2.8 percent in May as higher petrol prices caused by the US-Iran war were offset…
Chancellor says Middle East crisis is ‘not our war, but it is pushing up bills for families and businesses’
