February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflict
The UK inflation rate held steady at 3% in February, before Donald Trump’s Iran war drove up global energy costs, threatening a renewed price jump.
Official figures showed the consumer prices index (CPI) remained at the same level as the previous month, in line with economists’ expectations but still well above the government’s 2% target.
Continue reading...Originally reported by The Guardian
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