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UK inflation falls but Iran war fears fuel warnings of summer surge
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleUK annual consumer price inflation decreased to 2.8 per cent in April from 3.3 per cent in March, marking the first fall this year. This decline is largely attributed to government measures that temporarily lowered household energy costs. Economists warn that this drop is likely a temporary reprieve, forecasting inflation could surge to 4 per cent or even 5 per cent by summer. The anticipated rise is linked to the full effects of the Iran war, which is expected to drive up fuel and food prices. Chancellor Rachel Reeves acknowledged the impact of the war and defended the government's economic plan, saying that it aims to maintain stability. In fullUK inflation falls to 2.8% – but experts warn far higher price rises on the wayThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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theguardian.com
UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war
Pay growth eases to 3.4% as businesses face pressure from soaring energy costs
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cryptobriefing.com
UK unemployment unexpectedly rises to 5% amid Iran war pressures
UK unemployment unexpectedly jumps to 5% as the Iran war drives energy costs higher and wage growth slows to 3.4%, raising stagflation risks for crypto.
