UK Inflation Set to Jump to 3.3% as Iran War Hits Petrol, Airfares, and Rent

Inflation is expected to jump to 3.3 per cent as the first effects of the war in Iran will be recorded in a new set of data. The Office for National Statistics (ONS) is expected to reveal that inflation inched up in the year to March due to soaring fuel prices and tremors across financial markets. Economists polled by Bloomberg predicted that the consumer price index (CPI) inflation print would come in at 3.3 per cent, compared to three per cent for February. The acceleration in price growth could dampen hopes of improved stability, posing a challenge…