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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Cost inflation for UK firms jumps to three-year high amid Iran war

Oil prices rise again as Iran war enters fifth week (Alamy/PA) - (Alamy/PA)

British firms have seen cost inflation jump to its highest level for more than three years following the impact of the conflict in the Middle East, according to new figures.

An influential survey also found that private sector growth rebounded this month as firms sought to build up stocks of products amid concerns over potential shortages and future price hikes.

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