Investors pricing in possibility of ‘multiple interest rate raises’ this year

Inflation will be back on the rise from March’s figures onwards but economists don’t believe huge interest rate rises are on the agenda yet

Steady picture for inflation does not yet reflect impact of US-Israel war against Iran on cost of living in UK

Investors pricing in possibility of ‘multiple interest rate raises’ this year

UK inflation stays at 3% in February as petrol prices fall and food inflation eases, before Iran war drives up global energy costs

The U.K. inflation rate stood firm at 3% in February, according to the latest figures from the Office for National Statistics (ONS).

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 began.

British consumers are anticipating rising costs over the coming months due to the Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth