Central Banks Hold Rates Amid Iran War Inflation Shock
G7 central banks are expected to keep borrowing costs unchanged this week as the Iran war stokes inflation, with warnings over prolonged conflict driving up prices for households and businesses.
Category : Inflation
Australia's CGT Reform: A Welcome Shift from Inaction
Saul Eslake argues that proposed changes to Australia's capital gains tax discount could curb property speculation and improve housing affordability, marking a significant tax reform.
Shop Price Inflation Falls Amid Retailer Discounting
Shop price inflation fell to 1% in April due to heavy discounting, but retailers warn the Middle East conflict may soon impact prices, with food inflation at 3.1%.
UK Food Prices Rise 3.7% – How to Save on Shopping
Food inflation hits 3.7% as UK plans for worst-case shortages due to Middle East war. Discover supermarket money-saving tips and hacks.
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State Pension Warning: Not Every Year Counts Under DWP
State pensioners may be missing out on thousands. Learn how to check for NI gaps and buy voluntary contributions to boost your entitlement.
Economists Warn of Higher Inflation as Iran War Drags On
Bloomberg survey shows US inflation expected to rise 3.6% in Q2 2026 as Iran war persists, with gas prices above $4 per gallon and consumer confidence dropping.
Car Tax Change Saves 475,836 EV Drivers £425 a Year
Nearly 500,000 electric vehicle drivers will save £425 annually from April 2026 as the luxury car tax threshold rises from £40,000 to £50,000, exempting models like BMW iX1 and BYD Sealion 7.
Two-thirds of Americans fear going broke more than death
A new Allianz study reveals 67% of Americans worry more about running out of money than dying, with Gen X most affected.
UK Food Inflation May Hit 7% as Energy Prices Surge: BoE
UK firms warn food inflation could hit 7% this year due to rising energy costs, while Middle East conflict erodes economic confidence, according to Bank of England data.
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Consumer confidence falls for third month as prices surge
GfK's consumer confidence index fell to minus 25 in April, the third consecutive monthly drop, driven by concerns over rapid price rises and the UK economy.
Iran War Fuels UK Inflation, Rate Hike Possible
UK consumer confidence hits lowest since Oct 2023 amid Iran war fallout. Businesses raise prices, Bank of England may hike rates.
Everyday Items Face Price Rises Amid Iran War Oil Shock
The Iran war is driving up oil prices, increasing costs for petrochemicals used in thousands of products, from plush toys to shaving cream, threatening higher consumer prices.
UK Inflation Hits 3.3% in March Driven by Fuel and Air Fares
UK inflation rose to 3.3% in March, driven by petrol, diesel, and air fare increases due to the Iran war. Some relief came from falling clothing and software prices.
UK Inflation Hits 3.3% in March on Fuel and Air Fares
UK inflation rose to 3.3% in March, driven by petrol, diesel, and air fares. Clothing and electrical goods saw price easing, while food items like chocolate and coffee increased.
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UK Inflation Hits 3.3% After Fuel Price Jump from Iran War
Official figures reveal UK inflation accelerated to 3.3% in March, driven by sharp rises in petrol and diesel prices linked to Middle East conflict, with Chancellor warning of impact on bills.
Iran War Drives UK Inflation to 3.3% in March
UK inflation rises to 3.3% in March amid Iran conflict pressures, as ceasefire talks stall and global tensions escalate economic uncertainty.
UK Inflation Rises to 3.3% Amid Iran War Fuel Price Surge
UK inflation increased to 3.3% in March, driven by soaring fuel prices from the Iran war, adding pressure on household finances and threatening economic slowdown.
UK Inflation Hits 3.3% After Fuel Price Surge from Iran War
UK inflation accelerated to 3.3% in March, driven by an 8.7% monthly jump in fuel prices—the largest increase since 2022—amid Middle East tensions, with air fares and food costs also rising.
UK Inflation Hits 3.3% in March Due to Iran Crisis
UK inflation rose to 3.3% in March, driven by higher fuel costs from the Iran crisis, increasing household bills and delaying potential interest rate cuts.
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UK Inflation Hits 3.3% Due to Iran War - Financial Impact
UK inflation increased to 3.3% in March, driven by the Iran conflict, raising costs for food, fuel, and mortgages. Chancellor Rachel Reeves addresses the economic fallout.
Iran War Drives UK Inflation Up to 3.3%, Hits Households Hard
UK inflation rose to 3.3% in March due to the Iran-US war, increasing costs for families and businesses. Chancellor Rachel Reeves warns of higher bills as the Bank of England delays rate cuts.
UK Inflation Rises as Iran War Hits Fuel Prices
UK inflation has unexpectedly increased due to rising fuel costs linked to the Iran conflict, impacting household budgets and economic forecasts.
UK Inflation Hits 3.3% Amid Iran War Fuel Price Spike
UK inflation rose to 3.3% in March, driven by higher petrol and diesel prices due to the Iran war. The Bank of England warns it could reach 3.5% this year, impacting household budgets.
UK Inflation Set to Rise After Middle East Conflict
UK inflation is forecast to climb to 3.3% in March, driven by soaring fuel prices due to Middle East tensions, with analysts warning of further increases ahead.
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Ex-BoE Official Warns Interest Rates Must Rise to Control Inflation
Michael Saunders, a former Bank of England Monetary Policy Committee member, warns that interest rates may need to increase this year to combat inflation driven by food and fuel costs, exacerbated by the Iran war.
UK Inflation Soars in March Due to Global Economic Pressures
UK inflation rose sharply in March, driven by global economic instability, including the Iran conflict, impacting energy and food prices across the nation.
Iran War Fuels March Inflation Spike, Hitting US Consumers
Soaring energy prices, driven by Middle East conflict, triggered the largest one-month inflation surge in four years, with staples like coffee and beef seeing double-digit increases.
US Inflation Hits Four-Year High as Iran War Fuels Energy Costs
US consumer prices rose 3.3% annually in March, the largest increase since May 2024, driven by soaring gas prices due to the Iran war. Monthly inflation spiked 0.9%, the highest in nearly four years.
US Inflation Hits Two-Year High, Fueled by Iran War
The March inflation report reveals a sharp 3.3% annual increase, the highest in two years, driven by soaring gasoline and food prices linked to Middle East conflict.
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US Inflation Jumps 3.3% as Iran War Drives Up Energy Costs
New data reveals US inflation climbed sharply to 3.3% year-over-year in March, driven by soaring energy prices following the outbreak of war with Iran. Gas prices exceeded $5 per gallon as oil neared $100 per barrel.
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