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The Independent UK
The Independent UK
Business
Karl Matchett

Inflation stays at 3% but Iran war set to send prices spiralling

UK inflation stayed at 3 per cent in February, the latest figures show – though with the war in Iran still upending the global oil market, the UK is set to see prices rise again.

Oil has risen from around $70 (£52) before the war started to just shy of $100 (£75) now, though it has spiked well above that milestone on more than one occasion over the past few weeks.

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