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The Independent UK

Simon English and Karl Matchett

Iran war drives UK inflation up to 3.3% in major blow for Reeves

Iran Rachel Reeves Inflation United Kingdom United States

UK inflation rose in March in a clear sign of the impact of the Iran-US war on the economy.

The latest figures, released on Wednesday, are the first from the Office for National Statistics (ONS) to include elevated petrol and diesel costs since the start of the conflict. Prices have gone up as a result of the closure of the Strait of Hormuz shipping corridor.

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