UK inflation held at 3% before global energy price hit from Iran war
February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflict The UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global energy costs, threatening a renewed price jump. Official figures showed the consumer prices index (CPI) remained at 3%, in line with economists’ expectations but still well above the government’s 2% target.
February annual rate in line with expectations, but Food and Drink Federation fears it is ‘calm before storm’
Business live – latest updates
The UK inflation rate held steady at 3% in February, before Donald Trump’s Iran war drove up global energy costs, threatening a renewed price jump.
Official figures showed the consumer prices index remained at the same level as the previous month, in line with economists’ expectations but still well above the government’s 2% target.
Coverage from 1 source
Coverage by lean
- Unknown1
Comments
Sign in to join the discussion.
Sign in with SpryLogin