Annual March rate adds to pressure on household finances and follows warnings of slowdown to UK economy
UK inflation rose by 3.3% in March after the surge in fuel prices triggered by the Iran war led to the biggest jump in transport costs since December 2022.
Figures from the Office for National Statistics (ONS) show the consumer prices index increased last month from 3% in February, adding to pressure on household finances already battered by a cost of living crisis. The rise matched City economists’s forecasts.
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This article was originally published by The Guardian and written by Richard Partington Senior economics correspondent.
Read original article on The Guardian