UK Inflation Climbs to 3.3% in March as Middle East Tensions Drive Energy Costs
Britain’s annual inflation rate rose to 3.3% in March, up from 3.0% in February, as energy bills surged. Official data shows the Consumer Prices Index was pushed higher by a sharp increase in fuel costs linked to recent conflict between the US and Iran. Supply disruptions around the Strait of Hormuz have kept oil and gas prices elevated. Analysts warn that ongoing geopolitical uncertainty may sustain inflationary pressures in the months ahead.
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