European Inflation Hits 2.5% Amid Iran War Energy Spike
Official figures reveal Europe's inflation rate rose to 2.5% in March, driven by soaring energy prices due to the Iran war, prompting ECB rate hike predictions.
Category : Inflation
Shop Price Inflation Rises Amid Middle East Conflict
Shop price inflation increased to 1.2% in March, with non-food inflation turning positive as Middle East conflict costs begin to affect supply chains, according to BRC and NIQ data.
MPC Member: Don't Rush Rate Hikes Over Iran War Energy Shock
Bank of England policymaker Alan Taylor says monetary policy should not rush to raise interest rates in response to Iran war energy price surge, but warns of 'all hands on deck' approach needed.
UK Consumer Confidence Plunges to Record Low Over Inflation
British consumer confidence has plummeted to a record low due to inflation fears from the Middle East conflict, with the Boomer generation most affected, prompting calls for government action on living costs.
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Odey Accused of Manipulating Victim to Silence FCA Investigation
The Financial Conduct Authority alleges former hedge fund manager Crispin Odey tried to manipulate a sexual assault victim into silence by warning her about an investigation.
UK Inflation Steady at 3% Before Iran War Energy Shock
UK inflation remained at 3% in February, but experts warn of a looming storm as the Iran war drives up global energy costs, threatening higher prices ahead.
UK Inflation Steady at 3% as Oil Prices Swing on Iran War
UK inflation remained unchanged at 3% in February, but the Middle East conflict threatens to push prices higher. Oil prices dipped after Trump's peace plan but rebounded on new attacks.
UK Inflation Steady at 3% Before Expected Energy Shock
Official figures show UK inflation remained at 3% in February, but economists warn this is 'the calm before the storm' with energy prices set to surge due to Middle East conflict.
UK Inflation Steady at 3% as Iran War Threatens Spike
UK inflation remained at 3% in February, but the Iran conflict is driving up global energy prices, threatening future cost-of-living increases and delaying interest rate cuts.
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ECB Warns Firms May Hike Prices Faster Amid Iran War
ECB President Christine Lagarde cautions that businesses, scarred by the 2022 inflation crisis, could react more swiftly to rising oil prices from the Iran conflict, potentially fuelling a new price spiral.
UK Inflation Steady at 3.0% Amid Price Shifts in February
UK inflation remained unchanged at 3.0% in February, driven by rising costs for clothing, kitchen appliances, and air travel, offset by declines in petrol and alcohol prices.
UK Inflation Steady at 3% Before Iran War Impact
Official figures show UK inflation remained unchanged at 3% in February, but economists warn this calm precedes a storm as Middle East conflict effects are yet to feed through.
UK Inflation at 3%, Reeves Warns of Iran War Economic Impact
UK inflation remains at 3% while Chancellor Rachel Reeves highlights significant economic challenges from the Iran war. Police errors in a high-profile phone theft case and a major social media trial for teens also make headlines.
UK Inflation Steady at 3% Before Iran War Effects
Official figures show UK inflation remained unchanged at 3% in February, but economists warn this does not yet account for the Middle East conflict's impact on oil and shipping costs.
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UK Inflation Holds at 3% Amid Iran War Price Risks
UK inflation remained at 3% in February, but forecasts warn of a rise due to the Iran war driving up oil prices and costs, with food inflation potentially exceeding 8% by June.
UK Inflation Steady at 3%, Iran War Poses Economic Threat
UK inflation remains at 3% in February, but Chancellor Rachel Reeves warns of significant economic challenges from the Iran war, with rising oil and gas prices threatening household costs.
UK Inflation Stuck at 3% as Middle East War Hits Economy
UK inflation remains at 3%, above the Bank of England's target, with economists warning the Middle East conflict could push it to 4% by 2026, delaying economic recovery.
UK Inflation Stays at 3% in February Before Conflict Effects
Official figures show UK inflation remained at 3% in February, but economists warn upcoming price hikes and Middle East tensions could drive it higher soon.
UK Inflation at 3% as Iran War Threatens Price Surge
UK inflation remained steady at 3% in February, but economists warn the Iran conflict could drive prices higher through rising oil and energy costs.
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UK Inflation Steady at 3% as Middle East War Threatens Jump
UK inflation is expected to remain at 3% for February, but economists warn the Middle East conflict could push it above 4% later this year, disrupting the Bank of England's 2% target.
Australia's Inflation Dips to 3.7%, Rate Cut Hopes Rise
Australia's inflation rate fell slightly to 3.7% in February, moving closer to the RBA's target range of 2-3%. This could justify future interest rate cuts to ease mortgage pressures, but March may see a spike due to fuel price rises from Middle East disr
UK Inflation Steady at 3%, Middle East War Risks Summer Jump
UK inflation remained at 3% in February, but economists warn the Middle East conflict could push it above 4% this summer due to rising energy prices.
BoE's Pill: Act on Inflation Despite Iran War Uncertainty
Bank of England chief economist Huw Pill warns policymakers must not use uncertainty as excuse for inaction on inflation risks from Iran conflict energy shock.
BoE's Pill Warns Gulf Conflict Ups Inflation Risks
Bank of England chief economist Huw Pill warns that events in the Gulf are increasing upside risks to price stability, citing potential structural changes from energy shocks.
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1991 Tesco Receipt Shows Wild Price Differences in Weekly Shop
A 1991 Tesco receipt has sparked debate on inflation, showing 32 items cost £56.30, with many under £1. Adjusted for inflation, it equals £130 today.
UK Interest Rates May Rise Three Times in 2026
Geopolitical tensions between the US and Iran are driving up oil and gas prices, threatening to push UK inflation above 3% and prompting market bets on multiple interest rate hikes this year.
Hummus Becomes UK Inflation Basket Staple as 'New Ketchup'
Hummus is now part of the UK's inflation basket, reflecting its rise from niche dip to a £170m-a-year British staple, with brands like Ramona's leading the charge.
UK Inflation Steady, But Experts Warn of Cost-of-Living Twist
UK inflation remains steady, but economists warn of a potential surge due to Middle East conflict driving up energy prices, with forecasts revised upward.
UK Inflation Steady Pre-Iran War, Cost-of-Living Hump Ahead
UK inflation remained steady in February, but economists warn of a potential surge to 4% later this year due to rising energy costs from Middle East conflict.
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Bank Holds Rates at 3.75% as Middle East War Fuels Inflation
The Bank of England has unanimously voted to keep interest rates at 3.75%, warning that the Iran conflict is driving oil and gas prices higher, pushing inflation forecasts up and delaying potential rate cuts.
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