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Evening Standard
Evening Standard
Anna Wise

Inflation expected to remain at 3% before Middle East conflict sparks jump

Inflation Edward Allenby Deutsche Bank Pantheon Macroeconomics The Bank of England
Inflation is expected to have remained at 3% in February (Alamy/PA) -

Fresh figures are expected to show that UK inflation remained steady last month but households could face another “twist” to the cost-of-living story in the months ahead due to war in the Middle East, according to experts.

The rate of Consumer Prices Index (CPI) inflation has been gradually easing back towards the Bank of England’s 2% target level since last summer.

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