UK inflation holds at 3% as oil shock from Middle East conflict looms
TL;DR Summary
UK inflation remained at 3% in February, with cheaper fuel offset by higher clothing costs; the Iran-Israel war has pushed oil prices higher, complicating any expected further falls in inflation and shaping expectations for BoE policy moves.
- UK inflation rate stays at 3% before Iran war hits oil prices BBC
- Don't be fooled by the UK's pre-war inflation print — a 'brutal' surge could be coming CNBC
- UK inflation held at 3% before global energy price hit from Iran war The Guardian
- UK Stocks Head For Best Day in Weeks on Iran Optimism Bloomberg.com
- UK inflation expectations surge in new worry for Bank of England Reuters
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