Economists forecast inflation to hit 3.4% in March, the highest in nearly two years, driven by soaring gas prices following the Iran conflict, with significant implications for the Federal Reserve and consumers.
The Guardian has issued corrections for two errors in print articles, clarifying that UK food inflation is set to rise to 9%, not by 9%, and noting that seahorses are fish, not separate from fish.
Struggling families across the UK are enduring a cost of survival crisis, with inflation disproportionately impacting those on low incomes due to high spending on essentials like food and energy.
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.
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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.
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.
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.
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 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.
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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.
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 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.
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 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.
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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 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.
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.
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 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.
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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.
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 remained steady at 3% in February, but economists warn the Iran conflict could drive prices higher through rising oil and energy costs.
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 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
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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.
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.
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.
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.
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.
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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.
